• Home
  • TRAINING FOR BEGINNERS
    • EXERCISES
    • PETS
  • CBD
  • PRODUCTS
  • TRENDING
  • PET NEWS
  • PET TRAVEL
  • Advertise Here
No Result
View All Result
Plugin Install : Cart Icon need WooCommerce plugin to be installed.
  • Home
  • TRAINING FOR BEGINNERS
    • EXERCISES
    • PETS
  • CBD
  • PRODUCTS
  • TRENDING
  • PET NEWS
  • PET TRAVEL
  • Advertise Here
No Result
View All Result
No Result
View All Result
Home PETS

SunRice expands in pet food with SavourLife acquisition

Doggone Well Staff by Doggone Well Staff
July 23, 2024
in PETS
39 0
0
SunRice expands in pet food with SavourLife acquisition
32
SHARES
356
VIEWS
Share on TwitterShare on Facebook
Dog Food topper - Getquelle365


Portrait of a beagle dog chewing on treats. Credit: SeventyFour/Shutterstock.com

Diversified Australian business SunRice Group is lined up to purchase the local pet-food company SavourLife.

Leeton, New South Wales-based SunRice said it has entered an agreement to acquire dog food and treats maker SavourLife in Sydney for A$20.3m ($13.4m), a deal that is expected to close by the 30 August.

SavourLife founders Michael and Kimberlee McTeigue will remain with the business post-transaction, along with all its employees.

SunRice already has a presence in pet food with its branded CopRice division, which also supplies animal feeds for pigs, sheep, goats and horses. SavourLife will sit within that business.

Dog Food topper - Getquelle365

CEO Paul Serra, who took the helm last year, said: “This acquisition positions our CopRice business to further expand into the branded companion animal market, where we’ve seen growing demand for premium products.

“The acquisition will use CopRice’s existing manufacturing facilities and supply chain to improve efficiencies and provide future growth opportunities.”

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData

Country *

    Industry *





      Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

      SavourLife generated revenue of A$33.4m in the year to 30 April 2024 and EBITDA of around A$2.8m, Sydney-listed SunRice said in a stock exchange filing. It added that it will fund the acquisition from cash reserves and debt facilities.

      Prior to the deal agreement, SunRice was already manufacturing SavourLife’s branded dog food range, which includes wet and raw varieties, along with grain free. The products are distributed across Australia.

      Co-founder Michael McTeigue said: “I am excited by the opportunity for CopRice to help continue to grow the SavourLife business, which will expand our ability to deliver on our mission.

      “CopRice has been an important partner in building SavourLife into the business it is today, and I know that together we will build an even greater business into the future.”

      SunRice said it will continue SavourLife’s mission of donating 50% of profits to dog rescue organisations.

      The listed business started out supplying rice and rice snacks but has diversified through M&A, with acquisitions such as Trukai in Papua New Guinea last year and SunFoods in 2016.

      It also owns Riviana Foods, which supplies products such as bakery, pickles and soup, and houses the brands Always Fresh, Toscano, Hart & Soul, Fehlbergs and Bare Bakers.

      SunRice delivered revenue of A$1.6bn in the 12 months to 30 April 2023, an increase of 22.8%. EBITDA climbed 28% to A$117m, with profit after tax up 12.4% at A$54.8m. Earnings per share rose 9% to 83.8 cents.

      In the new half year, revenue increased 21.2% to A$918.7m, while EBITDA climbed 48% to A$63.3m. Profit after tax rose 56.3% to A$30.5m, with EPS up 28.3% at 46.9 cents.




      Source link

      Dog Food topper - Getquelle365
      Tags: acquisitionDog as PetexpandsfoodSavourLifeSunRice
      Tweet8Share13Share3Share
      Previous Post

      Pet of the Week: David

      Next Post

      Mobile Veterinary Clinic Caring For The Pets Of Veterans In Need

      Doggone Well Staff

      Doggone Well Staff

      Next Post

      Mobile Veterinary Clinic Caring For The Pets Of Veterans In Need

      Youtube Channel

      Currently Playing

      Jealous Dog Want Attention Compilation NEW

      Jealous Dog Want Attention Compilation NEW

      00:06:28

      Best Of Funny Guilty Dog Compilation 2014

      00:05:32

      Best Dog Birthday Surprise: DIY Ball Pit for Maymo

      00:01:39

      How a little microchip changed this dog's life!!! Please share this important video. #dog

      00:05:48

      Follow Our Page

      Popular Post

        Follow Us

        Category

        • CBD
        • EXERCISES
        • Home
        • NEW POSTS
        • PET NEWS
        • PET TRAVEL
        • PETS
        • PRODUCTS
        • TRAINING FOR BEGINNERS
        • TRENDING

        Tag Cloud

        Adoption Animal Animals Attack breeds Care Cat Cats County Day Death dog Dog as Pet Dog Owner dogs Family Fire food health Home house Humane Life Local Love Man Meet news Owners Park people Pets Police Puppy Rescue Safe Shelter Society Stray Tips Top Vet Ways Week Woman

        Recent News

        Fire District 3 firefighters rescue elderly couple and pets from burning home

        Fire District 3 firefighters rescue elderly couple and pets from burning home

        June 12, 2025
        My dog ate my funnel cake? How to adopt a pet at the San Diego County Fair

        My dog ate my funnel cake? How to adopt a pet at the San Diego County Fair

        June 12, 2025
        • DMCA
        • Privacy Policy
        • Terms and Conditions
        • Disclaimer
        • Contact Us
        • Cookie Privacy Policy

        © 2022 Doggone Well - doggone well.

        No Result
        View All Result
        • Home
        • TRAINING FOR BEGINNERS
          • EXERCISES
          • PETS
        • CBD
        • PRODUCTS
        • TRENDING
        • PET NEWS
        • PET TRAVEL
        • Advertise Here

        © 2022 Doggone Well - doggone well.

        Welcome Back!

        Login to your account below

        Forgotten Password?

        Retrieve your password

        Please enter your username or email address to reset your password.

        Log In