Freshpet

#3227

Rank

$3.17B

MarketCap US

US United States

Country

Summary
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.

History

Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh, and John Phelps, former pet food executives. It opened a factory in Quakertown, Pennsylvania, in 2006; and another in Bethlehem, Pennsylvania in 2013.Freshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO. with a market capitalization of $447 million.In February 2020, the company was offered a grant of $2.1 million from the Texas Enterprise Fund to build a plant in Ennis, Texas. Also

In 2020, the company reported revenue of almost $319 million, an increase of some 30%, and a net income loss of $3.19 million, up 130% on the previous year. It also reported losses in the four preceding years.


Mission
Freshpet’s mission is to create fresh, all-natural pet food and treats that enable pet parents to feed their pets the way nature intended, using only the freshest, premium ingredients and never using preservatives or by-products in their products

Vision
Freshpet's vision is to revolutionize the pet food industry while creating a healthier, happier, longer life for pets.

Key Team

Mr. Todd E. Cunfer (Chief Financial Officer)

Mr. John Speranza (Sr. VP of Marketing)

Mr. Thomas Farina (Sr. VP of Sales)

Ms. Thembeka Machaba (Sr. VP of HR)

Mr. Michael Hieger (Sr. VP of Engineering)

Ms. Lisa Barrette (Sr. VP of Bus. Devel.)

Mr. Edward Young (Sr. VP of Grocery & Mass Sales)


Recognition and Awards
Freshpet has been honored with numerous awards, most notably the 2011 Pet Product News Editor’s Choice Award and a 2011 Pet Age Green Award, both recognizing the company’s commitment to innovation. Freshpet has also been featured in various outlets including The Wall Street Journal, ABC News, Fox Business, and The New York Times.

References
Freshpet
Leadership team

Mr. William B. Cyr (CEO & Exec. Director)

Mr. Scott James Morris (Co-Founder, Pres & COO)

Mr. Cathal Walsh (Co-Founder, Sr. VP & MD of Europe)

Products/ Services
Food and Beverage, Pet
Number of Employees
500 - 1000
Headquarters
Secaucus, New Jersey, United States
Established
2006
Company Registration
SEC CIK number: 0001611647
Revenue
500M - 1B
Traded as
FRPT
Social Media
Sat Feb 24 2024
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