DENVER, Oct. 15, 2015 /PRNewswire/ -- Furthering its mission to improve the lives of pet parents with meaningful innovations, Outward Hound® today announced that it has acquired award-winning pet product company Petstages®. This is the third and largest acquisition for Outward Hound, further differentiating the company's product offerings while opening up new retail and specialty distribution channels.
With their unique product lines and track record for innovation, Petstages quickly established its reputation as a market leader. The company has won several awards for innovation and business performance and has developed a popular line of products, including the Dogwood® Chew Stick, Orka® chew toys and INVIRONMENT® scratchers, that address the behavioral needs of pets at all life stages.
"In Petstages, we have found an execution-oriented, passionate culture of pet experts with impressive product offerings that strategically complement our own," said Outward Hound CWO (Chief Woof Officer) Kyle Hansen. "We are excited to bring together our extraordinary teams so we can continue to create the most innovative pet products in the world."
"Providing products with purpose is the cornerstone of the Petstages philosophy," said Petstages President Torjus Lundevall. "This deal gives us the greater capacity and resources that we need to provide continuous innovation and develop new meaningful product solutions."
The deal enables Outward Hound to expand distribution into new retail and specialty channels while introducing new product offerings to its existing customer base.
"Our mission is to improve pet parents' lives with meaningful innovations that deliver on our brand promise to Raise The Woof," said Outward Hound CMO Michael Parness. "Petstages parallels us with an impressive product portfolio that they're already successfully selling in other retail channels where Outward Hound does not have a presence. We're confident that this acquisition will benefit our customers while expanding market share."
The acquisition is consistent with each company's stated goals to improve the lives of pets and pet parents with innovative and durable product experiences.
About Outward Hound
Outward Hound® is a Riverside Portfolio Company that is an award-winning innovator, creator, manufacturer and distributor of the highest quality toys, games, gear and feeders for pets and pet parents.
SOURCE Outward Hound