The Italian company Curvet Designer Aquariums, of Bottega de Colbordolo, took first prize for the best product in the aquatics sector at the UK garden fair GLEE. Its “Ippocampo“ aquarium was singled out for its extraordinary design. Curvet, which has been involved in the glass industry since 1976, met with a great response at GLEE with its futuristic tanks featuring multiple curves. (More detailed report on page 40.)
Tetra goes to Triton equity fund
The American pharmaceutical group Pfizer is to sell Tetra for $ 238.5 mio to “Triton Fund“, an independent private European equity fund based in Germany. Pfizer expects the sale to be completed this year. It is not yet known what effect the change of ownership will have on Tetra.
Tetra sold to Triton for $ 238.5 mio.
The US company announced its intention to seek strategic options for Tetra as long ago as March, because the aquatics company did not fit in with Pfizer’s strategic core business. Months of speculation then followed regarding the future of the company. Masterfoods and Nestlé were mentioned as potential buyers of Tetra, but refuted this idea at an early stage.
Tetra was founded over 50 years ago and taken over in 1974 by Warner-Lambert. It became a division of Pfizer in June 2000 when the latter took over Warner Lambert. Tetra made profits of $ 181 mio worldwide in 2001.
Pets Family on the up
The relatively new Dutch specialist retail chain Pets Family is showing signs of very promising development. Following the opening of its first store in Gelderse Ede, the franchise company has now opened stores in Utrecht, Den Haag and ’s-Gravendeel. Pets Family expects to increase its number of stores to ten by the end of the year.
Jumper with shop-in-shops in Groenrijk stores
The Dutch specialist trading chain Jumper has concluded a cooperation agreement with garden centre operator Groenrijk. Jumper is to establish pet departments in some of the garden centres using the shop-in-shop format, and supply these with pet products from its logistics centre in Arnheim. The departments will cover an area of approx. 150 m² and appear in a maximum of 25 Groenrijk branches. Jumper concluded a similar agreement last year with Europe’s biggest specialist retail chain Fressnapf and is regarded as one of the most expanding chains in the Netherlands.
Jumper will supply the Groenrijk stores from Arnheim.
Battle for the Snoozzzeee Dog brand
The UK accessories manufacturer Snoozzzeee Dog has filed for bankruptcy and…