JWC Hartz Holdings sold

Sumitomo Corporation of America, together with its parent, Sumitomo Corporation, Japan, announced the purchase of JWC Hartz Holdings, Inc., the holding company of The Hartz Mountain Corporation from J.W. Childs Equity Partners II, L.P., for $388 million. The acquisition by Sumitomo will allow Hartz the opportunity to undertake a number of new business initiatives, such as enhanced cross border sourcing and development of new markets and distribution channels in Asia and Europe. Hartz will continue to function as an independent business under the current leadership team headed by President and CEO Robert Devine.

Out of PETS International Magazine