Last month, Big Heart Pet Brands (formerly known as Del Monte Corporation) completed the sale of its Consumer Products business and is now one of the largest standalone pet products companies in the U.S.
Last week, the company announced its third quarter results for fiscal 2014. Highlights from the report include a net sales increase of 9% to $576 million in pet products, an increase in operating income by 27% to $82 million and adjusted EBITDA increased 15% to $131 million.
"As a standalone pet products company, Big Hearts Pet Brands will be singularly focused on capturing growth opportunities in the expanding $21 billion U.S. pet products category," said Dave West, president and CEO of Big Heart Pet Brands. "We are uniquely positioned with a powerful and broad portfolio of iconic pet brands, strong position in key pet food categories, robust business fundamentals and a commitment to creating a better future for pets by nurturing the bond between pets and the people who love them."
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