Health & Happiness Group International Holdings Ltd. has acquired of Solid Gold Pet for $163 million to expand into pet health and wellness.

“Entering into pet nutrition and care is a natural move for H&H where we recognize the importance and the role that pets play in the lives of modern families around the world," says H&H CEO Laetitia Garnier. "The same consumers who care about their own health and wellness also care about that of their families and friends. As pets are very much a part of that family and treated more and more like humans, pet owners attach a growing importance to the wellbeing of their pets including their nutrition choices.”

"The pet food market has demonstrated resilience to macro conditions and the pandemic has driven an increase in pet ownership which we expect to continue as the way we all work continues to evolve," Garnier adds.