Wellness Pet Preps IPO to Raise More Than $600 Million

Wellness Pet, a cat and dog consumables manufacturer, is preparing to go public as early as 2022, according to reports from Bloomberg and Yahoo.   

The company is backed by private equity firm Clearlake Capital Group, which acquired the manufacturer in 2020.

Wellness Pet, which is expected to be valued at $2.5 billion, is seeking more than $600 million in the initial public offering. 

Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley are reportedly aiding Wellness Pet with the IPO.   

The manufacturer has established a global footprint with facilities in the US and the Netherlands. Based in Massachusetts, Wellness Pet is the parent company to pet food and treat brands Wellness, Whimzees, Old Mother Hubbard, Sojos and Eagle Pack to name a few.