The Italian pet accessories company sells 70% of its company to private equity company Mandarin Capital Partners.
Croci started over 30 years ago as a distributor and has evolved into developing and creating a wide range of pet accessories: kennels, leashes, aquariums, games, snacks and hygiene products.
The company has seen significant growth over the last few years and have closed 2021 with a turnover of around €50 million ($56.7M). 35% of its revenue comes from international customers.
Previously, Croci has acquired pet companies Canifrance (a French leashes company) and Amtra (a German aquariums accessories company). it also opened a Chinese subsidiary to grow in the Chinese market.
The acquisition by Mandarin will support the company's internationalization plans.
