The Riverside Company, a global private equity firm, has acquired Kyjen Co, a manufacturer of pet gear. Financial terms of the acquisition were not made public.
Kyjen is a manufacturer of dog toys, outdoor and travel gear for dogs, with a focus on improving pets’ well-being with toys which mentally stimulate pets and prompt pet owners to interact with their pets while they play. Kyjen’s product offering includes Plush Puppies, Invincibles, Outward Hound and Dog Games products and is available at approximately1,100 retailers
“Kyjen provides a lot more than simple dog toys and accessories,” said Riverside Managing Partner Loren Schlachet. “Their products create fun and interactive experiences that enrich dogs’ lives.”
The Riverside Company is a global private equity firm concentrated on acquiring growing businesses valued at up to $250 million. The firm’s international portfolio includes more than 70 companies.
“As people become more aware of their dogs’ needs for stimulating play, pet accessories are a growing industry, and Kyjen is poised to be able to meet those increasing demands,” added Riverside Partner Joe Lee. “They are outstanding at developing new products and uncovering unmet needs.”
Riverside will focus on increasing Kyjen’s market penetration, strengthening Kyjen’s history of product innovation and supporting the sales and marketing functions.