Holiland lays out its pet business

Recently, Holiland officially announced the launch of a new pet baking brand - Holiland Pet pet cake, which mainly sells pet food products. It will be available on Tmall "HolilandPet Pet Food" from February 20 It will be released simultaneously with the WeChat mini program "HolilandPet Pet Cake", and free SF Express shipping is available in most areas across the country.

Nestlé Purina plans to invest US$200 million to expand its factory

According to The Messenger (The Messenger), the Ford Dodge City Council in Iowa, USA Commitment on February 12 to invest $1.6 million in the expansion of Nestlé Purina Pet Foods’ canned cat food production facility in the city. It is reported that Purina plans to invest $200 million in expansion of the cat food factory. The application plan was submitted to the Iowa Economic Development Authority on Friday.

IDEXX launches Vello™ software

According to foreign media reports, today, IDEXX Laboratory announced the launch of the Vello™ system, which can achieve more clinical visits. According to reports, Vello™ is a software solution that can seamlessly connect animal hospitals and customers through modern digital tools. As the only pet owner engagement solution built specifically for IDEXX Hospital Management Software. Vello enables animal hospitals to easily use ezyVet®, Neo® and Cornerstone® software to efficiently communicate with pet owners in a single system. With software that supports engagement at every stage of a pet's life, pet owners become informed care partners, supporting better health outcomes.

It was also revealed that IDEXX’s Vello solution will be available as a new subscription service for ezyVet, Neo and Cornerstone software in the United States in March 2024 and in Canada in the second quarter.

Better Choice Company and

Aimia Pet Health have reached an acquisition agreement

Pet industry observation news, recently, the parent company of Halo Natural Halo - dedicated to pet health and Health care company Better Choice Company announced that it has reached an acquisition agreement with Aimia Pet Health, a Canadian company focused on companion animal welfare.

Previously, Better Choice decided to cooperate with Aimia Pet Health to explore and develop nutritional solutions. The two parties will develop a GLP-1 supplement for Better Choice's Halo brand. Includes pet treats and meal additives to combat obesity in dogs and cats.

According to officials, the goal of current research and development work is to research and develop solutions that can "imitate mainstream brands" targeting the human obesity drug market, including drugs such as Slentrol, Wegovy, Ozempic and Monjaro. Simultaneous pet-specific solutions will provide additional protein and nutrients designed to promote overall health and weight loss in pets.

Swedish investment giant Indutrade

Acquired ATLINE

Pet industry observation news, recently, the international technology and industrial products group, Swedish investment giant Indutrade announced that it has Signed a definitive agreement with ATLINE ApS, a Danish manufacturer of robotic production equipment for the pet food and animal feed industry, to acquire all shares of ATLINE. Upon completion of the transaction, ATLINE will become part of Indutrade's Life Sciences business area.

According to reports, ATLINE’s flagship product is a fully integrated laboratory technology solution with multiple core patented technologies that enables customers to automate and improve manual process steps in the production process. ATLINE also provides online sampling equipment, QA reporting software and after-sales service.

Petsource by Scoular completes

$75 million Seward factory expansion

According to foreign media reports, pet food manufacturer Petsource by Scoular has recently completed a $75 million expansion Seward, Nebraska plant expansion project. It is reported that the project will provide additional production capacity to Petsource by Scoular to support the growth plans of existing and new customers. The expansion includes 70,000 square feet of manufacturing space for frozen pet food ingredients, producing freeze-dried products and more.

Financial report

Zotis 2023 fiscal year data:

Revenue exceeds US$8.5 billion

Pet industry observation news, recently, the world's leading Zoetis, the animal health giant, disclosed its fourth quarter and full-year financial performance reports for fiscal 2023 and provided full-year guidance for 2024.

According to financial report data, Zoetis achieved operating income of US$2.2 billion in the fourth quarter of fiscal year 2023, an increase of 8%; net profit was US$525 million, and diluted earnings per share were US$1.14, on a reported basis Increases of 14% and 15% respectively. For the full year of 2023, Zoetis achieved total revenue of US$8.5 billion, an increase of 6% compared with the full year of 2022. Net profit for the year was US$2.3 billion, and diluted earnings per share were US$5.07, an increase of 11% and 13% respectively based on reported data.

Looking specifically at the pet business, Zoetis’ companion animal business revenue reached US$5.58 billion in fiscal year 2023, accounting for 65.26% of the overall revenue contribution. A year-on-year increase of 7.17% from US$5.203 billion in 2022. In this regard, Zoetis stated that it will continue to invest in solutions that shape and expand the future of animal health. For example, in the fourth quarter of fiscal 2023, Simparica Trio was approved in Japan, and the product is effective against scabies and demodectic mites. Revolution® Plus (selamectin/sarolaner), the company's topical combination product that treats ticks, fleas, ear mites, lice and gastrointestinal worms and prevents heartworm disease in cats, is approved in the United States for use in cats. It is used to treat and control Lone Star Disease tick infections, making it the only cat parasiticide on the market that protects against four types of ticks.

Government Affairs & Other Information

Mexico will establish public free animal clinics

According to a report by the "Mexican Daily" on February 1, 2024, a project in Mexico Laws establishing public animal clinics in various places have come into effect. States and localities have 180 days to comply with the order, which provides for free preventive medical care (such as neutering) and emergency medical treatment when necessary for pets.

It is reported that the law was approved by the Mexican House of Representatives and Senate at the end of 2023, and then signed into official law by President Andres Manuel Lopez Obrador.

Parts of the Ecology and Environment Act were modified to promote pet welfare, including the establishment of public animal clinics as one of its main purposes (subject to the availability of adequate funding sources from federal, state and local entities ).

States, cities and mayors must guarantee free spaying and neutering for pets, as well as consultations, deworming, vaccinations and surgeries. Treating animals with dignity is also part of the law, which requires animal clinics to provide medical care and appropriate treatment when animals become sick.