Today, ECI Partners announced the sale of MPM Products, a premium pet food manufacturer based in Manchester, to 3i Group for a 4.4x return on investment (subject to regulatory clearance completion).
In March 2016, ECI invested in MPM Products to support the business’ international growth strategy. The last five years have seen MPM achieve consistent year on year growth of over 20%. Currently, MPM’s products are sold across fifty countries and over 60% of revenue is attributed to international sales.
Chief Executive of MPM, Julian Bambridge, stated that it was “fantastic” to partner with ECI, and that he looks forward “to bringing MPM’s high-quality, premium pet food to an even wider global audience during the next stage of [their] journey”.
When announcing the sale of MPM Products, Partner of ECI, Mark Keeley, said that “Julian and the team have done an exceptional job, successfully growing the business internationally, with MPM’s focus on quality really resonating with consumers globally”.
Since 2005, the global pet food sector has grown every year and is currently valued at over £58 billion. Therefore, as stated by Mark Keeley “MPM is well placed to continue its impressive growth”, and we look forward to following the business’ journey.
Rowan were delighted to have been part of the MPM journey and you can read the full case study.