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Kent Acquires Lovitts For Sustainable, Customizable Product Development

Jul 05, 2022•over 3 years ago

Acquiring Company

KENT® Precision Foods Group

Acquired Company

Lovitts

Muscatine

Description

FibreCycle, a subsidiary of KENT Pet Group, announced today its purchase of Lovitts, an Australian manufacturer of high-quality companion animal nutrition, based in Melbourne, Victoria.

Company Information

Company

KENT® Precision Foods Group

Location

Moncton

Muscatine, Iowa, United States

About

Kent Precision Foods Group specializes in developing, blending and packaging dry mix food products to our customers’ exacting specifications. In addition to our dry blending capabilities, KPFG offers a diverse line of branded products for the food service and consumer channels. Kent Precision Foods Group and their parent company Kent Corporation are committed to conducting business with the highest standards of morality, fairness, and integrity and to adhere to the laws of the jurisdictions in which their business takes place.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed