Phelps Pet Products Acquired by i-Tail for $160 Million

i-Tail Corp. (ITC) has completed its acquisition of Phelps Industries LLC, commonly known as Phelps Pet Products, for an enterprise value of $160 million.

The company said the acquisition of the U.S.-based manufacturer expands i-Tail’s presence in treats and specialty pet nutrition. Phelps specializes in dog nutrition and produces air-dried foods and jerky-style pet treats, while i-Tail is focused on premium wet cat food.

Read more at Pet Food Industry