Scholtus' new ownership focuses on further growth


Scholtus' new ownership focuses on further growth

Scholtus Group Holding B.V. ("Scholtus"), a leading supplier of dog and cat treats in Europe, Global Pet Products Holding ("GPP"), a investment firm active in the pet industry and ING Corporate lnvestments B.V. ("ING Cl"), a 100% subsidiary of ING Bank N.V., announce that GPP and ING Cl acquired all the shares in Scholtus and that Jan Smulders, one of the owners of GPP, will remain to be the genera! manager of Scholtus.

Since 2007 Scholtus has more than tripled its revenues through autonomous growth. In addition to this Scholtus accelerated its growth via the 2011 acquisition of Praline Petfood, a leading supplier of snacks and treats. In 2013 GPP joined Scholtus as shareholder and over the last years Scholtus invested heavily in the extension of the production capacity ending with the upgrading of the IT systems which was finished last year.

The acquisition of Scholtus by GPP and ING Cl significantly strengthens the business and facilitates the next stage expansion of the firm by stepping up the pace for new product concept introductions and accelerating the expansion in new distribution channels.

About Scholtus Special Products B.V.

Founded in 1987, Scholtus has a long track record in working closely with leading retailers to attract and retain consumers with a unique offering in pet snacks and treats. Scholtus offers truly customized solutions, not only in packaging but also in product composition and appearance, to help retailers differentiate from their competition. The company has been rewarded with long-lasting relationships with its customers in the retail in Europe, being it in grocery, discount, pet specialty or on internet. In the meantime Boxby developed as a leading brand in the pet specialty channel in Europe.

Scholtus currently employs 100 people in the centra! part of the Netherlands.

For more information about Scholtus, visit its website.

Scholtus B.V.