Paleo Ridge has secured a £2m investment from private equity firm, Ashridge Capital, to help support its ongoing expansion.
The new investment will help fund the opening of a new despatch and manufacturing facility, supporting the expansion of the raw dog food manufacturer’s capabilities and the creation of over 20 new jobs spanning supply chain, marketing, customer service, technical and operations.
It comes as Paleo Ridge has grown by over 100% over the past two years, reflecting its brand strength and reputation and the provenance of its ingredients – ethically sourced, organic, free range, human grade, high nutritional content, grain free and no artificial additives. It is the only UK raw dog food company that holds the ISO 9001 accreditation.
Tyler Daly, CEO of Paleo Ridge, said: “I am delighted to be working with Ashridge Capital, which shares our vision to be the UK’s most trusted brand for premium, high quality and high welfare, species appropriate pet food. The investment will enable us to expand our manufacturing capacity, provide additional local employment opportunities and meet the strongly rising consumer demand for raw pet food.”
David Sherratt, founder and CEO of Ashridge Capital, added: “We are very excited to be partnering with Paleo Ridge and invest in a business that has demonstrated strong growth since inception. The brand is highly regarded and has developed a distinctive market position in a high growth market and we look forward to supporting its ongoing expansion.”