AUSTRALIA – The SunRice Group, a prominent global food business headquartered in Australia, has announced the acquisition of SavourLife, an Australian premium pet food company. 

The SunRice Group is a global FMCG business and one of Australia’s leading branded food exporters, listed on the Australian Stock Exchange. 

It boasts significant markets in the United States, the Pacific, and the Middle East, with expanding markets in Europe and Asia. 

On the other hand, SavourLife is a family-owned company founded in 2013 by Michael and Kimberlee McTeigue, that produces natural, Australian-made dog food and treats in Sydney.

This strategic acquisition positions SunRice’s animal nutrition division, CopRice, to further penetrate the branded companion animal market, which is experiencing growing demand for premium products.

The acquisition, valued at AUD$20.3 million (US$13.4 million), will see SavourLife integrated into CopRice’s operations.

Paul Serra, CEO of SunRice, emphasized that this acquisition will leverage CopRice’s existing manufacturing facilities and supply chain to enhance efficiencies and create new growth opportunities. 

“CopRice already manufactures SavourLife’s dog food range,” Serra stated. “The acquisition will capitalize on CopRice’s infrastructure to support future expansion.”

SavourLife has made a significant impact by donating 50% of its profits to dog rescue groups, aiding in the rescue and rehoming of abandoned dogs. 

Co-founder Michael McTeigue assured that SavourLife’s team, formulas, social mission, and donation model would not change following the acquisition a.

“By joining the SunRice Group, we gain access to extensive resources, pet nutrition expertise, and the manufacturing capabilities of one of Australia’s most experienced food companies,” McTeigue explained. “We are aligning with a global company that shares our values and farmer-centric ethos, which is crucial for our mission at SavourLife.”

The McTeigues, along with all current employees, will remain involved with the business post-transaction. McTeigue highlighted the alignment of values between the two companies and expressed optimism about the future. 

“This is a union of two Australian companies with shared purposes, and it presents a significant opportunity for SunRice to help grow our business and expand our mission.”

The acquisition is expected to be finalized by August 30, 2024. 

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