The pet food industry is evolving, and recent weeks have seen a major acquisition, innovative ingredient developments, strategic partnerships, and a new sustainability initiative.
Macro-economic headwinds have induced caution in the pet food space, but opportunities still abound in high-growth segments for those companies who target the right subthemes, according to Houlihan Lokey.
Merck Animal Health, known as MSD Animal Health outside North America, has completed its acquisition of Elanco's aqua business, a deal it claims will bolster its leadership within that sector.
