H. von Gimborn GmbH, successful pet specialist in Emmerich am Rhein, Germany is taken over by the Hillhouse capital group. The previous owner, Penta Investments, sold Gimborn retroactively to January 1st, 2016 to the Chinese investment firm, a long-term equities investor focused on the consumer, technology, healthcare and financial sectors. Hillhouse maintains a significant presence in Asia. The purchase price was not disclosed.
Zhang Lei, CEO of Hillhouse Capital Group: "We are pleased to be partners with Gimborn to bring its high quality, premium functional snacks for dogs and cats to pet owners in Asia.”
Gimborn was the first German company at all, which has been granted in 2015 already an official license from the authorities to introduce pet snacks, such as functional SnackPastes for cats, in China. Gimborn is glad to be able to further expand now its presence in the Asian markets with the new owner. Jan Beckschäfer, CEO of the European Gimborn group: "With our new products for dogs and cats we have shown again and again in the past few years, that innovation and the love for the animals is at the heart of our company and its employees. Gimborn is now ideally positioned for dynamic, profitable and cash efficient growth."
Since 2013 the core business of Gimborn increased every year significantly while driving forward the established business with snacks, treats and cat litter, the successful launch of innovative product concepts, the international expansion as well as realizing significant growth in the end-consumer pet food online business. Since than the EBITDA rose considerably by over 40 percent.
The takeover will have no impact to the German production sites of Gimborn in Emmerich and Kelheim, with future expansions foreseen to meet the increasing demand. The company is posed by a growing number of employees.
H. von Gimborn GmbH in Emmerich am Rhein is for more than 50 years a successful pet specialist with the Biokat‘s brand for cat litter, as well as of the GimCat and GimDog snack brands for cats and dogs. The products are sold in more than 40 countries. The central markets are so far Germany, the Netherlands and Italy. In Germany Gimborn is market leader in key segments.
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