KKR Invests in Gambol Pet Group
Global investment firm KKR has invested in Gambol Pet Group (the “Company” or “Gambol”), a leading provider of high-quality pet food headquartered in Shandong Province, China.
Gambol and KKR are partnering to expand the Company's production capacity in key markets including China, Thailand, countries in Europe, and the US, where it is currently the largest private-label provider of pet treats to Walmart. Gambol further aims to leverage KKR's experience in food production and in implementing best practices in the area of food safety and security to provide even greater pet nutrition solutions to customers around the world.
Qin Hua, Chairman & CEO of Gambol, said, "High quality pet food is critical to ensuring the health of pets. By partnering with KKR, we aim to expand and provide healthy packaged pet food to customers both overseas and in China. KKR will become a truly value-added partner to Gambol with their deep expertise in the global pet sector, with Chinese consumers, and in the area of food safety."
Chris Sun, Director at KKR China, said, "Gambol is well-positioned to capture new opportunities in the pet food sector globally and in China given Gambol's extensive industry expertise, product innovation capabilities and long-term commitment to producing safe, high- -quality pet food. We look forward to working alongside this experienced and capable management team to build a true industry leader in the emerging pet market."