Kormotech acquires new UK venture arm
The company has acquired a majority stake in Rocketo, the first transaction completed under the new structure
Ukrainian pet food manufacturer Kormotech has established Kormotech Ventures, headquartered in London to combine investment and innovation strategies in international markets.
The venture arm of Kormotech, as a stand-alone company, will focus on innovative pet care companies in Europe and the US seeking early-stage investment.
In addition, the company will fully manage projects as the majority shareholder.
Kormotech’s core business will continue to focus on its flagship brands and expansions across Central and Eastern Europe.
The company has acquired a majority stake in Rocketo, the first transaction completed under the new structure.
Rocketo is an organic, air-dried dog food brand focused on scaling the UK market by developing a genuinely omnichannel distribution.
In addition to direct online sales via its website, Rocketo is participating in the Future Brands program at Sainsbury’s with its “innovative” range of functional and organic dog treats.
Kormotech Ventures stated that its primary goal is to “incubate and scale innovative companies by developing the next generation of solutions that combine nutrition, technology, and world-class talent to make a difference for pets and their parents”.
Rostyslav Vovk, CEO and shareholder of Kormotech, said: “As we continue to grow our core business, we want to ensure the strong entrepreneurial spirit that inspired the founding of Kormotech 20 years ago and ultimately achieve leading positions in our strategic markets.
“As a family-owned business, we are committed to adding value to our partners by sharing our manufacturing and supply chain expertise and the potential of our industry-leading talent, which will be shared at the Kormotech Ventures level.”
