FURminator, Inc.
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FURminator, Inc. - overview
Established
2002
Location
Fenton, MO, US
Primary Industry
Consumer Products
About
FURminator, Inc. is a company specializing in pet grooming products, renowned for its innovative grooming tools designed to enhance pet care and reduce shedding for both dogs and cats. FURminator, Inc. , founded in 2002 in Fenton, US, focuses on providing effective grooming solutions for pets.
The company was acquired by Spectrum Brands Holdings, Inc. in December 2011 for USD 140 mn in cash. The acquisition marked a strategic move to enhance the product offerings and market reach of FURminator. The company has participated in 2 deals to date, positioning itself as a notable entity in the pet grooming sector.
The company specializes in pet grooming products, primarily known for its core offerings, which include various grooming tools such as brushes, de-shedding tools, and bath products tailored for both dogs and cats. Their flagship products, such as the FURminator deShedding tools and conditioners, are designed to effectively reduce shedding and improve the overall health and appearance of pets' coats. These products serve pet owners and professional groomers, addressing common grooming challenges such as excessive shedding and maintaining clean, healthy fur. The company's products are sold primarily in the United States and Canada, with a significant presence in both retail outlets and online platforms, reaching a diverse customer base of pet owners and grooming professionals.
The company operates on a transaction model that includes both direct-to-consumer sales and partnerships with retailers and wholesalers. Revenue is generated through the sale of grooming products like the FURminator line, which is priced to appeal to a wide range of consumers, including individual pet owners and professional groomers. Transactions typically occur through retail purchases, online sales, and potentially subscription services where customers may opt for regular deliveries of grooming supplies. The diverse product range ensures that clients have access to a variety of solutions for their pet grooming needs, fostering repeat purchases and customer loyalty.
The company aims to enhance its portfolio by developing new grooming products and exploring expansion into additional markets. Recent funding from the acquisition by Spectrum Brands will support these initiatives. The focus will be on innovative product launches and geographical expansion, targeting new regions by 2023.
Primary Industry
Consumer Products
Sub Industries
Consumer Products
Website
www.furminator.com
Verticals
E-commerce, Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
FURminator, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | FURminator, Inc. | - | ||||||||
| Recapitalisation | Completed | FURminator, Inc. | - |
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