Butcher’s Pet Care secures £43 million funding package

UK pet food brand, Butcher’s Pet Care, has secured a £43 million funding package with Secure Trust Bank Commercial Finance and Blazehill Capital in a deal led by Martin Gray at Kroll.

Butcher’s Pet Care, based in Northamptonshire, has sought to capitalise on market growth and over recent years it has become the UK’s leading wet dog food brand selling into a blue-chip customer base. It was established in 1983 by Graham Baker.

Tim Watsham, CEO at Butcher’s Pet Care, stated, “The deal marks a significant and exciting step for the business. The Executive Team were clear that the company must continue to invest in our brand and manufacturing capabilities as well as our new product offerings, including our fast-growing cat food brand, Blink!.”

“We have thoroughly enjoyed working with the team at Kroll who have played a key role in sourcing both the appropriate funding package and partners. We are looking forward to working with Secure Trust Bank and Blazehill Capital as we enter our next stage of growth.”

Martin Gray, Managing Director at Kroll, added: “It has been a pleasure to support the team at Butcher’s. This is a huge opportunity for the brand to cement their market position and capitalise on new opportunities, supported by a flexible funding structure.”

Matt Broomfield, Regional Sales Director at Secure Trust Bank Commercial Finance, said: “We worked closely with the Butcher’s management team and Blazehill to understand the firm’s growth plans. Using this insight, we created a flexible facility that can adapt as the business grows. We look forward to seeing the business prosper with this facility in place, and building on our strong relationship with Butchers moving forward.”

Butcher’s is a family-owned pet food business specialising in natural pet food for cats and dogs of all sizes and stages. The business claims to make recipes designed to nourish pets with the “ingredients they would naturally choose themselves”.