Transaction

Clearwater advises shareholders of Hollings Ltd on its sale to Assisi Pet Care Ltd

Transaction

Hollings Ltd sold to Assisi Pet Care Ltd

Sell-side

Undisclosed

Role

Adviser to Hollings Ltd on its sale to Assisi Pet Care Ltd

Sector

Consumer

Region

United Kingdom

Clearwater has advised the shareholders of Hollings Ltd (Hollings), a supplier of natural dog treats on its sale to Assisi Pet Care Ltd (Assisi), an animal care services provider, which will support Assisi’s goal of entering the pet care market in the UK and Europe.

Founded in 1980 by Jeff and Celia Hollings, the Yorkshire-based business has a head office, warehousing and distributions operation based in Skipton, as well as a purpose-built manufacturing facility in Worksop that produces a wide range of bones and treats, including over a 100 product lines. The business has a diverse customer base, from supplying independent pet shops to leading retailers and wholesalers.

Assisi is a relatively new company and currently has a presence in the pet care category in Europe. Through the acquisition of Hollings, Assisi will enter its first strategic step in its expansion plans and will be based at the Hollings head office in Skipton

man embracing his dog

It was a pleasure to work with Jeff and Celia at Hollings to find the perfect partner for the company. We are confident that through this transaction, Hollings and Assisi will be able to continue their expansion plans together and reach a wider market within the pet food sector. We would like to wish both parties all the best for the future.

Richard Goldsack, Partner, Clearwater
man embracing his dog

Over the last 40 years, the Hollings family have worked hard to build the business and it is a real credit to them that they have created one of the best-known brands of natural dog treats in the UK. We welcome their 50-strong team to Assisi and look forward to working with them to take Hollings’ products to a wider audience throughout the UK and into Europe. There’s no doubt that both the strong growth in the pet care sector and the general demand from consumers for natural products in every part of their lives, opens up some exciting opportunities. This is the first stage of an ambitious vision for Assisi to become a leader in the European pet care sector and we will be actively seeking further acquisitions as we pursue this strategy.

Peter Mangion, CEO of Assisi Pet Care

Advisers

Transactions