SOURCE: Dane Creek Capital Corp.

Dane Creek Capital Corp.

November 22, 2016 08:30 ET

Dane Creek Capital Corp. acquires a 30% stake in Your True Companion Pet Products Inc.

Guelph-based manufacturer of pet treats and pet food poised toexpand throughout North America

MISSISSAUGA, ON--(Marketwired - November 22, 2016) - The management team at Dane Creek Capital Corp. ("DCCC" or the "Company") is pleased to announce it has acquired 30% of Your True Companion Pet Products Inc. ("Companion Pet Products"). Financial details were not announced.

Companion Pet Products is the creator and manufacturer of a number of brands including True Raw Choice treats and supplements, Pawzzie Kangaroo treats and chews, and True Pure Choice pet food for dogs and cats. Its products can be found in Pet Valu and Global Pet Foods stores as well as pet specialty retail outlets across Canada. DCCC's investment will assist Companion Pet Products with expanding its existing distribution in Canada and preparing for entry into the United States. Companion Pet Products was founded in 2011 by Paul Spindler and family who continue to operate the business. Spindler's vision from the start has been focused on providing single protein, all natural products made with human grade ingredients.

"We've been getting to know Paul and his team over the past several months and are very impressed with his knowledge and expertise within the industry and how quickly he has built his business," says Glen Tennison, President & CFO at DCCC. "We're excited for this opportunity to work together and help build on the national success of Companion Pet Products to develop an international business."

Companion Pet Products is the third portfolio company for DCCC, a merchant banking operation based in Mississauga, Ontario focusing on pet industry investments. Earlier this month, the Company announced the creation of its wholly owned subsidiary Dockside Pet Products & Services Inc., a Nova Scotia-based manufacturer of pet treats, meal mixers, and meal toppers crafted using ingredients from rescued fresh food and sustainable sources. Last week, the Company also announced its acquisition of a 48% interest in Midgard Insect Farm Inc., a producer of cricket meal for pet food, which is a key ingredient in the Dockside brand of products.

Companion Pet Products recent emphasis has been on expanding its True Raw Choice line of supplements as well as its range of non-traditional protein products, like Pawzzie kangaroo treats, and the new infusion treat line. Spindler is also keen to continue sourcing novel proteins which are in increasing demand by pet owners seeking to reduce the amount of hormones and antibiotics their pets consume as part of a traditional protein diet.

"I'm very excited to have Dane Creek as a partner in the business as we look to expand our operations both geographically and in terms of our product offerings," says Spindler. "The team at Dane Creek have great experience and an invaluable network. I'm confident that with their help and the money from this investment we will successfully take Companion Pet Products to the next level."

In addition to his role at DCCC, Tennison will also assume the role of Treasurer for Companion Pet Products and has been appointed to Companion Pet Products board of directors.

About Dane Creek Capital Corp.

With over 30 years of experience in the pet industry and an extensive network of industry professionals, we offer valuable financial and management support to up-and-coming companies in the companion animal sector through selective, strategic investments. Our investment horizon is long-term taking into account current trends and changes in pet owner demographics with a current focus on opportunities in pet food products sourced from sustainable ingredients, alternative models for veterinary care, biotechnology, pet insurance, pet hotels, and pet-related technological applications for pet owners.

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