Enact 1 Fund
In July 2017, our SME fund Enact acquired Kennelpak Limited from its family owners. Kennelpak is a wholesale supplier of own brand and third party branded pet food and associated pet products, with its own retail chain under the “Kennelgate” brand. The business is headquartered in Nottingham, England and employees 275 permanent and temporary staff. In the year ended March 2017 the business was profitable from sales of over £23 million.
Established in 1974, Kennelpak retails a selection of pet food, pet accessories and toys amongst other products for dogs, cats, birds, aquatics, reptiles, horses and home farming. Additional services also include grooming, local training, nutritional advice and licensed medication. Having initially started out as a wholesaler of its own brand and third party pet food brands, Kennelpak identified a niche for specialist pet food outlets to supply the public with bulk pet food and pet related items. UK based, the company now has 21 retail stores (primarily around The Midlands) and a retail website providing a click and collect service.
Investment Director, Chris Cormack, who lead the transaction said “The business is well positioned in a growing sector and we believe that Kennelpak is an exciting platform from which we can drive accelerated growth”
Andy Jones (CEO) and Simon Tutt (CFO) joined Kennelpak in 2019 bringing with them significant digital and retail experience in order to grow Kennelpak from its loyal customer base.
Andy Jones CEO at Kennelpak said:
“This is an exciting time for the team at Kennepak, we have developed a comprehensive business plan by blending 45 years of industry expertise with new technology to create an enhanced proposition. At a time when the industry is seeing change and investment our expertise and approach will generate sustainable growth across our retail and wholesale divisions. Over the next 12 months we will be launching a digital platform providing a comprehensive service for all of our customers pet care needs”