Management buyout at Nutro

The American pet food manufacturer Nutro Products has concluded an agreement with the private investment group Bain Capital for sponsorship of a management buyout. David Kravis, the current president and chief operating officer of Nutro Products, will become CEO of the company on completion of the transaction. No changes are foreseen in Nutro’s operating business, and it is expected that “Nutro” brand products will continue to be distributed exclusively by the speciality trade in the future.