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Nestle acquires minority stake in Indian pet food brand Drools
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Nestlé has acquired a minority stake in Drools Pet Food, one of India’s leading pet nutrition brands. Drools will continue to operate independently, the company confirmed.
Founded in 2010, Drools has a retail presence across 40,000 stores and exports to 22 countries. It runs six manufacturing plants, spans 1.6 million sq. ft. in warehousing, and employs 3,400 people.
This marks Drools’ second major funding after L Catterton, backed by LVMH, pumped in $60 million in June 2023, valuing the company at $600 million.
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