Fish4Pets has received a substantial funding injection from Norwegian family-owned investment company DSD.
The senior team at Fish4Pets and principal shareholders FKRA were seeking a co-investor to provide additional financing to accelerate the growth of the business. DSD invests in a wide range of sectors, with interests ranging from mobility and ocean-linked businesses, to medical and tourism. The investment in Fish4Pets is its first in the pet food sector.
DSD chief executive Ingvald Loyning said: “As active owners, we have a strategic, dynamic company portfolio and Fish4Pets will be an exciting addition. DSD aims to join innovative companies with growth potential that work for more sustainable solutions.”
Fish4Pets’ five-year plan includes product development, entry into new markets and increasing operational efficiencies, as well as environmental impact and responsibility.
Fish4Pets chief executive Graham Smith added: “We are delighted to have secured investment from DSD, as well as increased financial support from FKRA, to drive our ambitious growth plans. DSD bring with it a wealth of knowledge and enthusiasm, and we hope to benefit from its experience in other industries, and particularly its commitment to environmental and social responsibility.
“This, combined with the ongoing support and expertise of our parent company FKRA, means we have two strong shareholder partners, excellently positioned to help us move forward.”