Pet Flavors Inc.

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Pet Flavors Inc. - overview

Established

1995

Location

Melbourne, FL, US

Primary Industry

Consumer Products

About

Pet Flavors Inc. is a company dedicated to enhancing the taste of medications for companion animals. They specialize in creating high-quality flavoring agents for the pharmaceutical and nutraceutical sectors, ensuring pets receive their treatments more willingly. Pet Flavors Inc.


develops flavoring agents specifically for the animal health industry, focusing on improving the palatability of medications. Founded in 1995 in Melbourne, US, the company has engaged in one significant funding deal, with the most recent funding round occurring on December 20, 2021. The founder's history is not publicly detailed. Pet Flavors specializes in the development and manufacturing of high-quality flavoring agents specifically designed for the pharmaceutical and nutraceutical sectors within the animal health industry.


The company's core product offerings include custom flavor bases that enhance the palatability of medications for companion animals such as dogs, cats, and horses. These flavoring agents are meticulously crafted to ensure that medications are more appealing, allowing pets to ingest them voluntarily without coercion or the need for mixing with food. Pet Flavors employs a thorough research and development approach, utilizing natural flavoring agents to create palatable health products that are distributed globally, including markets in the USA, Canada, Europe, India, Mexico, and South America. The clientele includes top pharmaceutical and nutritional companies in the animal health sector, as well as veterinarians and pet owners seeking effective and palatable medication solutions for their companion animals.


Pet Flavors generates revenue primarily through B2B transactions, partnering with leading pharmaceutical and nutraceutical companies to supply its specialized flavor bases. These transactions typically involve direct sales agreements, with companies ordering custom formulations tailored to their specific product needs. While specific pricing structures for these services are proprietary, the company offers competitive pricing plans that reflect the high quality and stability of their products, such as their trademarked Artificial Powdered Beef Flavor, known for its proven stability exceeding five years. Revenue is further supported through ongoing collaborations that may include joint development initiatives and long-term supply agreements, ensuring a consistent and reliable flow of product to their clients in various global markets.


In December 2021, Bessemer Investors invested in Pet Flavors Inc. , aiming to establish the company as a platform investment in the companion animal health industry. This partnership is expected to facilitate the expansion of product offerings and enhance the company's global network with pharmaceutical and nutraceutical companies. Pet Flavors plans to introduce new flavoring solutions tailored for specific medications, targeting a broader range of companion animals.


The company is actively pursuing expansion into new markets across Europe and Asia by the end of 2023, leveraging the recent funding to support these initiatives.


Current Investors

Bessemer Investors

Primary Industry

Consumer Products

Sub Industries

Pet Products

Website

www.petflavors.com

Verticals

Manufacturing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Pet Flavors Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedPet Flavors Inc.-

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