The OurPet¡¯s Co. to Purchase Molor Products Co. Assets

Fairport Harbor, Ohio-based The OurPet’s Co. pet supply company announced plans to purchase certain assets of Molor Products Co. that complement the OurPet’s product lines. These products include the full-size and mini Food ‘N’ Fountain deluxe cat and dog bowls, the Cat Buffet, the EZ Store Raised Dog single bowl (similar to the OurPet’s Store-N-Feed) and other pet bowls currently sold under the Festiva brand.

"The Molor products we are acquiring, which offer significant health and convenience benefits, round out our feeder product line,” said Dr. Steve Tsengas, chairman and CEO. "These patented products are currently sold throughout the United States, including major national and international retailers. We plan to accelerate our overall sales by making further strategic acquisitions in our categories of concentration—cat/dog toys and accessories, feeding/storage products and waste/odor management products, to achieve double-digit growth going forward.”

Terms of the transaction were not disclosed.