Freshpet

Freshpet is an American pet food company. Its cat food and dog food products are marketed as fresh, and need to be kept refrigerated.[4] It is listed on the Nasdaq exchange with the ticker symbol FRPT.[5]

Freshpet, Inc.
TypePublic company
Industrypet food
Founded2006 (2006)
HeadquartersSecaucus, New Jersey, U.S.
Productsrefrigerated pet food
Revenue US$318.79 million (2020)[1]
US$-3.19 million[2] (2020)
Number of employees
591[3]
Websitefreshpet.com

History

Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh and John Phelps, former pet food executives.[6][7] It opened a factory in Quakertown, Pennsylvania, in 2006;[8][9] and another in Bethlehem, Pennsylvania in 2013.[4] 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.[10]

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.[1][2]

References
  1. Freshpet Inc.: Financials. The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  2. Freshpet Inc. Barron's. Accessed December 2021.
  3. Freshpet Inc.: Overview. The Wall Street Journal. New York: Dow Jones & Company. Accessed December 2021.
  4. "Freshpet Dog Food Promotes Products Sources in the U.S." The New York Times. 13 June 2013.
  5. "Freshpet on NASDAQ". NASDAQ.
  6. Collings, Richard (16 September 2014). "Freshpet Files for IPO as Spending on Natural Food for Pets Rises". The Street. Retrieved 19 January 2021.
  7. Harris, Jon (25 June 2019). "Freshpet breaks ground on $100 million Lehigh Valley expansion that could add 200 jobs". The Morning Call. Retrieved 19 January 2021.
  8. Staff (15 August 2018). "Freshpet Expanding In Pennsylvania, Creating 100 Jobs". Business Facilities. Retrieved 8 February 2021.
  9. Morley, Hugh (12 June 2007). "Barking up the right tree; Freshpet sales soar after tainted-food scandal". The Record.
  10. "Freshpet to create 427 jobs in Ennis with new pet food manufacturing plant". Dallas News. 2020-02-26. Retrieved 2020-02-28.

Further reading
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