Fast-growing Assisi Pet Care has extended its operation in Europe with the acquisition of Polish company Maced, a manufacturer of natural dog treats.

Assisi was established in September 2020 as a joint venture between founder Peter Mangion and Harwood Capital with the objective of creating a significant player in the European pet care market.

This latest acquisition represents Assisi's third deal, following the October 2020 acquisition of Hollings Ltd and the March 2021 acquisition of Town and Country Petfoods Ltd.

Peter Mangion (pictured) said: “We are delighted to have brought Maced into Assisi, a transaction which significantly grows our European market share, and which also gives us greater control of our supply chain whilst adding significant new product development expertise to our group.

He added: “We are particularly pleased that Tomasz Macionga, the long-standing CEO of Maced, will remain with the business, along with his excellent management team. I am grateful to Harwood Capital which, as partners in the Assisi business, is providing support as we continue to deliver on our buy-and-build strategy in the exciting European pet care market.”

Through its European Specialty Lending strategy, Crescent Capital Group provided financing to support Harwood Private Equity in the acquisition strategy of Assisi Pet Care.

As well as supporting Maced deal, the financing package also included a sizeable acquisition facility to enable Assisi to continue its growth strategy. Terms of the transactions were not disclosed.