Freshpet is an American

pet food Pet food is animal feed intended for consumption by pets. Typically sold in pet stores and supermarkets, it is usually specific to the type of animal, such as dog food or cat food. Most meat used for animals is a byproduct of the human food indu ...

company. Its cat food and

dog food Dog food is food specifically formulated and intended for consumption by dogs and other related canines. Dogs are considered to be omnivores with a carnivorous bias. They have the sharp, pointed teeth and shorter gastrointestinal tracts of ca ...

products are marketed as fresh, and need to be kept

refrigerated The term refrigeration refers to the process of removing heat from an enclosed space or substance for the purpose of lowering the temperature.International Dictionary of Refrigeration, http://dictionary.iifiir.org/search.phpASHRAE Terminology, ht ...

. It is listed on the

Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

exchange with the

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters ...

FRPT.

History

Freshpet was founded in

Secaucus, New Jersey Secaucus ( ) is a town in Hudson County, New Jersey, United States. As of the 2010 United States census, the town's population was 16,264,Quakertown, Pennsylvania Quakertown is a borough in Bucks County, Pennsylvania, United States. As of 2020, it had a population of 9,359. The borough is south of Allentown and Bethlehem and north of Philadelphia, making Quakertown a border town of both the Delaware Va ...

, in 2006; and another in

Bethlehem, Pennsylvania Bethlehem is a city in Northampton and Lehigh Counties in the Lehigh Valley region of eastern Pennsylvania, United States. As of the 2020 census, Bethlehem had a total population of 75,781. Of this, 55,639 were in Northampton County and 19, ...

in 2013. Freshpet went public on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

in November 2014, raising $164 million in its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. with a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of $447 million. In February 2020, the company was offered a grant of $2.1 million from the

Texas Enterprise Fund The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund, which had an initial $295 million investment, is used for ensuring the growth of business in Texas. One of Texas’ most competitive recruitm ...

to build a plant in

Ennis, Texas Ennis () is a city in eastern Ellis County, Texas. It is on the edge of the blackland prairie region of Texas. The population is 20,159 according to the 2020 census, with an estimated population of 21,210 in 2021. Ennis is home to the annual Nat ...

. 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.

Products

Freshpet's cat food and

products are marketed as fresh, requiring refrigeration since the company's products have no preservatives. Freshpet was the first to distribute pet food in the fresh and refrigerated category across North America. After a 2007 crisis of wet and dried dog food tainted by

melamine Melamine is an organic compound with the formula C3H6N6. This white solid is a trimer of cyanamide, with a 1,3,5-triazine skeleton. Like cyanamide, it contains 67% nitrogen by mass, and its derivatives have fire retardant properties due t ...

, Freshpet's uncontaminated fresh food products experienced rapid growth in the number of stores carrying them. As of 2021, the company's pet-food brands include Freshpet, Dog Joy, DogNation, Spring & Sprout, Vital, Homestyle Creations, and Nature's Fresh.

References

External links

* {{authority control Companies based in Hudson County, New Jersey Cat food brands Dog food brands Companies listed on the Nasdaq 2014 initial public offerings American companies established in 2006

History

Products

References

Further reading

External links