A Florida company that makes natural rawhide dog chews is the latest addition to Spectrum Brands.
The Middleton consumer products company said Tuesday it has purchased Salix Animal Health, of Deerfield Beach, Florida, a privately owned company with annual revenues of $100 million.
Terms of the deal were not disclosed.
“Salix will further strengthen, expand and diversify our Pet segment’s position in rawhide dog treats, which is a fast-growing pet sub-category with estimated annual global retail sales of $2 billion,” said Spectrum Brands chief executive Dave Lumley, in a written statement.
Salix, founded in 1988, makes chews from beef hides, pork, chicken, beef and other proteins, sold under its own brand and private labels.
Its flagship brands are Healthy-Hide and Digest-eeze.
Spectrum Brands has been on a buying spree for the last several years. Since it emerged from bankruptcy reorganization in 2009, the company has added:
Small appliance maker Russell Hobbs
Black Flag and TAT insecticides
FURminator pet products
Stanley Black & Decker’s hardware and home improvement division, which included the residential lockset business of Tong Lung Metal Industry Co., Taiwan
A majority share of Shaser Bioscience skin care products
Tell Manufacturing door locks
Liquid Fence animal repellent
Iams and Eukanuba European pet food brands
Salix Animal Health
Spectrum’s brands also include Rayovac batteries, Remington shavers, George Foreman grills, Cutter insect repellent and Dingo pet food products.
Lumley, CEO since 2010, plans to retire by the end of the year.