Private equity-backed Cambrian Pet Foods has grown its sales by 6.7% after expanding its product range.

The company, which received an investment from US-based firm SCP Partners in 2012, makes dry and wet foods from three factories across Carmarthenshire and Swansea.

According to its latest set of accounts, the business generated turnover of £17.3m in the year ending 30 June 2013, up by 6.7% on a year earlier. Of this, 91% was generated in the UK.

But pre-tax profits fell by 43.7% to £942,000 over the same period.

In their report accompanying the accounts, the directors stated: "Turnover has increased by 6.7% over the previous year, even though the current economic climate remains challenging. This reflects the continued expansion of the company's product lines."

In May 2012, SCP Partners, also known as Swander Pace Capital, invested in Cambrian Pet Foods although the exact terms of the deal were not disclosed.

The Cambrian Pet Foods accounts show that SPC Partners IV is the ultimate controlling partner because it wholly owns Wholesome Pet Care Holdings, which has a 72 per cent stake in the parent company of Cambrian Pet Foods.

At the time of the SCP Partners deal, Cambrian Pet Foods managing director David Davies predicted the investment would help his company grow.

He said: "The investment by Swander Pace Capital will further support our ambition of being the UK’s foremost provider of specialist, holistic, dietetic and convalescent pet foods. We are very proud of our success and genuinely excited about the opportunities that Swander Pace Capital will help to deliver."

Cambrian Pet Foods has factories at Swansea, Pencader in Carmarthenshire and Llangadog in Carmarthenshire.