Pets4life: Dane Creek Capital Corp. Announces its Acquisition of Pets4Life

MISSISSAUGA, Ontario, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Dane Creek Capital Corp. ('DCCC' or the 'Company'), the pet industry merchant bank, is pleased to announce it has acquired 100% of Pets4Life, a leading manufacturer of gourmet frozen raw pet food for dogs and cats based in St. Thomas, Ontario. The transaction closed on January 31. The purchase price represented approximately 0.6 times 2017 revenue. No other financial details were announced.Pets4Life raw pet food meals are manufactured out of a single facility and sold mainly through pet specialty retailers in Ontario. All its formulas are certified to meet the Association of American Feed Control Official's ('AAFCO') standards for complete and balanced nutrition for all life stages of dogs and cats. Pets4Life is one of the few Canadian companies that also offers a wholly organic line made with Certified Organic ingredients. Prior to its acquisition, Pets4Life was owned and operated by Glenn and Sherry Forrester since 2010, both of whom will continue in their roles ...Full story available on Benzinga.com