Pointer Pet Products Limited is pleased to announce the purchase of the business and assets of Pointer Pet Foods Limited, from KPMG, acting administrators of the company.  The transaction is effective immediately.

Pointer Pet Products Limited is a new company established and funded by a group of individuals with significant experience and expertise in both the grocery and pet sector.  Pointer Pet Products Limited intends to make substantial investment in key operational and administrative areas; such as commissioning a state of the art sandwich biscuit line, to be completed by the end of January 2010.

Pointer was established in 1959 as a family business of a retired gamekeeper and remains in the same premises to this day.   Today, Pointer supplies leading pet and grocery retailers in the UK and Europe. The company’s well-equipped manufacturing facility, experienced management team and skilled production staff enables it to produce a wide range of specified quality products to order.  The business employs approximately 50 employees from its site in Rotherham, South Yorkshire. 

“Pointer’s history of producing high quality dog biscuits and treats for over 40 years, supplying  leading retailers in both the UK and Europe, represents a strong platform to expand sales, broaden the product range and secure the employment of a highly dedicated and expert workforce.” commented Paul Richardson, Chairman of Pointer Pet Products Limited.

“Working closely with the Pointer team, we are committed to investing in the business to enhance the production capabilities and expansion of sales with both existing and new customers. We would like to thank KPMG, administrators of Pointer Pet Foods Limited, customers and suppliers for their support of the business over the recent past and their confidence in the workforce and future of the business.” added Paul Richardson.

Graham Clark has been appointed Chief Operating Officer effective immediately.  Graham brings with him valuable experience as chief financial officer for leading public and private companies and in business turnarounds which will be of strategic benefit and support to the Pointer management team over the coming months.

Pointer Pet Products Limited was assisted in the acquisition by corporate finance advisers Rickitt Mitchell (led by Matthew Bryden-Smith and Ashley Haworth) and legal advisers Hammonds LLP (led by Tim Cooper and Mark Prior).

Matthew Bryden-Smith and Ashley Haworth of Rickitt Mitchell advised the funding consortium on the acquisition of the trade and assets of Pointer Pet Foods Limited from its administrators.