Catterton Sells Wellness Pet Food in $400 Million Deal

Found this while looking at Pet Product News
http://www.petproductnews.com/headlines/2008/08/15/catterton-sells-wellness-pet-food-in-400-million-deal.aspx

Catterton Partners, a private equity firm based in Greenwich, Conn., has sold its investment in Old Mother Hubbard Inc./Wellness Pet Food of Tewksbury, Mass., in a reported $400 million deal.

Various financial publications have reported Berwind Corp., a family-owned investment management company based in Philadelphia, acquired the company from Catterton and the Scott family, which bought the pet food maker in 1961 and later recapitalized under Catterton. Berwind does not currently plan to respond to requests to confirm the deal.

Berwind’s strategy, however, is to pay cash for 100 percent ownership of its portfolio companies. It implements a buy-and-hold strategy, targeting companies with high gross margins. It has stated in plans to invest $1 billion over the next three years on platform companies and bolt-on acquisitions.

Berwind currently considers Eagle Pack Pet Food of Mishawaka, Ind., which it acquired last October, as one of its platform companies.

Deborah Ellinger, former chief executive officer of Old Mother Hubbard, is no longer with the company.

TheDeal.com reported that Catterton had hired Lehman Brothers Inc. to sell Old Mother Hubbard/Wellness last year, but that the auction was scrapped amid pet food recall concerns. Catterton, which reportedly invested $45 million in the company, maintains an investment in Nature’s Variety of Lincoln, Neb.

Old Mother Hubbard has annual estimated revenues of about $150 million, FactSet Flashwire reported.

Cat Food Irradiation Banned in Australia

Food irradiation is basically the process of passing radiation through food in order to sterilize it and make it safe for consumption. Irradiation rids most foods of disease harboring microbes like E. Coli. When companies were first trotting it out to the consumer, it was referred to as a miracle in many parts of the globe where people die due to disease harboring microbes.

Of course, as often is the case, irradiated foods have become both controversial and deadly. Recently, in Australia, there have been a number of cat deaths. Initially, these deaths were mysterious, and then, Dr. Georgina Child, put two and two together.

Dr. Child found that Orijen cat for was the common bond between the cats. Orijen is manufactured in Canada, and is subjected to very high doses of radiation before it is considered safe for animal consumption.

Dr. Child believes that the high doses of radiation is altering the food enough to cause neurological damage in certain cats. At this point, she doesn't know why this is causing a problem.

Much of the produce we consume goes through irradiation and while it is still considered safe, this is something that bears watching from the general public.

Links to Sources:

Sydney Morning herald
Tree Hugger

Living in the Moment

What if we actually did live in the moment when training our animals? I think it would offer us more freedom to be aware of what our companions have to offer us. We would be aware of what was being offered to us and move away from always looking at what is wrong with a performance.

I saw a study where children hear the word "no" over 400 times per day. I also read where humans hear the word "no" 1500 times more than the word "Yes" and people wonder about insecurity. Does this negativity carry over into training animals? Absolutely it does. Now imagine freeing yourself from the constraints of "No" and actually living in the moment. (I'm sounding a little like Cesar Millan, but he does have merit telling people to live in the now.)

If we really lived in the moment, we would realise that life comes through the body. We would pay attention to how we worked around animals and each other to keep them even and balanced.

By living right now, you would be able to see when your trainee needs a little, help, support or direction to help make them more successful. This also means you'll be able to tell when something is going well and should be rewarded. Think of improving weaker areas while building on strengths. You are there to help attain goals, not put up roadblocks.

As you are training, remember that the performance is not going to be perfect. You are there to strive toward a goal and work toward getting the team work developed. Pay attention to what is happening and be ready to help the movement to the goal rather than hinder the performance.

What about those times you know you are on the verge of getting it right? Do you allow it to happen or do you find yourself interfering and getting in the way? For years, my mother has told us, "Patience is a virtue." That is true in so many places and especially in training animals. Are you being patient and waiting for the most opportune moment for learning to occur?

Do you have a goal in mind when you are training. Do you know where you want to end up and how you plan to direct and attain that goal? Remember you are working with another living being and trying to guide your team to a good relationship. Work with the innate natural tendencies of your animal and then put that to work for both of you.

Learning to be a Better Trainer

Do you approach your dog with total acceptance? Are you willing to meet an action or response from them with understanding? Have you taken the time to actually visualize how these interactions would look?

Are you using your active listening skills to seek the times offered to you to direct and support your dog?

Have you been paying attention to your dog so you can recognize when their confidence is building? Are you also paying attention to how quickly that step can be lost when you behave badly?

Are you developing a rapport and using care to keep that bond healthy. You don't want to destroy this cohesiveness, but rather you should be encouraging it to develop and grow.

Can you imagine creating a learning opportunity for you dog to come into their own understanding rather than putting pressure on them to come into yours?

Are you striving to work through any problems or learning situation as a team with togetherness between you and your dog?

Are you working to recognize what is happening at any given moment that is positive or not positive?

How good are you at getting your dog into a position or place to help them succeed and have a positive outcome? Are you getting better at avoiding getting into a place that is not going to provide a positive outcome?

Have you recognized that blaming the dog when something goes wrong is typical? Have you also recognized that the dog is usually doing something you have taught them to do?