Mountain Alliance AG: AlphaPet investment takes over British Arden Grange (EQS Newswire)

2022-02-18 08:00

DGAP-News: Mountain Alliance AG / Key word(s): Mergers & Acquisitions
18.02.2022 / 08:00
The issuer is solely responsible for the content of this announcement.

Mountain Alliance AG: AlphaPet investment takes over British Arden Grange

Munich, 18 February 2022 - AlphaPet Ventures, an investment of Mountain Alliance AG (MA, ISIN DE000A12UK08), acquires Arden Grange, one of the leading premium pet food brands in the UK. With this acquisition, which is still subject to regulatory approval, AlphaPet strengthens its market position as one of the leading brand platforms for premium pet food in Europe and positions itself as a dynamic player with strong multi-channel distribution in the European market with a projected turnover of over EUR 150 million in 2022.

Mountain Alliance AG holds a stake of just under 2% in AlphaPet Ventures GmbH. The specialist for premium pet supplies has been part of the Mountain Alliance AG portfolio since 2017 and is one of the pioneers in the digitalisation of the pet market. AlphaPet's brand portfolio includes Wolfsblut, Wildes Land, Müllers Naturhof, PRIMUM and four other premium pet food brands. The British brand Arden Grange now complements AlphaPet's brand portfolio with another strong premium brand, which will be continued independently under the AlphaPet umbrella.

At the same time, the acquisition is an important step in the internationalisation strategy of the AlphaPet platform and offers considerable synergy potential, especially in sales. On the one hand, these include sales synergies for the existing brand portfolio in several countries and, on the other hand, the opportunity to further expand and scale the Arden Grange brand through more than 13,000 points of sale in German-speaking countries. The strong positioning in online sales, thanks to which AlphaPet generates more than 50% of its revenue directly with end customers (D2C), is particularly important here.

In addition to existing equity investors, CVC is providing debt capital to finance this and further acquisitions by AlphaPet Ventures.

Manfred Danner, CEO of Mountain Alliance AG, comments: "The successful buy-and-build approach and the continuous development towards a leading European digital brand platform for pet food confirm us in our strategy to invest early in digital winners of tomorrow like AlphaPet."

About Mountain Alliance AG:
Mountain Alliance AG (ISIN: DE000A12UK08) is an investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent and experienced investor, the company is dedicated to the industry of the future, in which it has many years of know-how and an excellent network: the digital business. Mountain Alliance AG currently holds investments in four segments: Technology, Digital Business Services, Digital Retail and Meta-Platforms & Media. Through its listing the company enables its shareholders a simple access to a diversified portfolio of digital assets.


Contact:
Mountain Alliance AG
Manfred Danner
Management Board
Theresienstr. 40
80333 Munich
phone: +49 89 2314141 00
fax: +49 89 2314141 11
e-mail: danner@mountain-alliance.de
www.mountain-alliance.de

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Investor Relations
Bahnhofstr. 98
82166 Graefelfing/Munich
phone: +49 89 1250903-30
e-mail: sh@crossalliance.de
www.crossalliance.de


18.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Mountain Alliance AG
Theresienstraße 40
80333 München
Germany
Phone: +49 89 231 41 41 00
Fax: +49 89 231 41 41 11
E-mail: danner@mountain-alliance.de
Internet: www.mountain-alliance.de
ISIN: DE000A12UK08
WKN: A12UK0
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1282739

 
End of News DGAP News Service


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