For The Earth Corporation Acquires Prestige Pet Products, Inc.
For The Earth Corporation, a manufacturer of biodegradable and eco-friendly products, signed a letter of intent with Prestige Pet Products, Inc. Prestige Pet Products, Inc. has been importing various pet products for over 20 years and serving mass merchandisers and pet supply companies. Prestige Pet Products, Inc. maintains high quality standards by setting the bar with their patented manufacturing process.
"Acquiring Prestige Pet Products, Inc. allows us to be the market leader in this technology and allows us to offer a full complement of products and services to the pet industry. This acquisition propels us to a market leader position that we take very seriously. The 100% all-natural pork hide bones, sticks, twists and wraps fit with the natural focus For The Earth Corporation is committed to maintaining," says Nelson Grist, President and CEO of For The Earth Corporation.
Acquiring Prestige Pet Products, For The Earth is able to capitalize on existing manufacturing and warehouse space in Novi, Mich., resulting in closer and more efficient delivery of products to customers in the eastern half of the United States. Travel time and freight costs will be reduced Also, Prestige Pet is an established vendor in a major warehouse club store with a full line of products. For The Earth should see significant improvements to the top line as they work toward fulfilling a 2012 forecast of $17 million in revenue.
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