Agrolimen buys US pet food maker Ollie for over €500M as profit holds at €167M
What's the deal? Spanish family-owned group AgrolimenDealroom has a profile for this one. Try Dealroom → has acquired US pet food company Ollie PetsDealroom has a profile for this one. Try Dealroom → for more than €500 million, doubling down on its animal food division. The New York-based startup specialises in fresh dog food sold through a subscription model. Agrolimen, owned by the Carulla family and based in L'Hospitalet de Llobregat near Barcelona, operates mainly through GBfoodsDealroom has a profile for this one. Try Dealroom → and Affinity PetcareDealroom has a profile for this one. Try Dealroom →.
Why now? Agrolimen sealed the acquisition agreement in December and closed the deal in January, according to some sources. To fund it and cover other financing needs, the group signed a €1,235 million syndicated loan with banks in the same period.
The financials: The holding company closed 2025 with revenue of €2,394 million, just €1 million more than the previous year. Net attributable profit came in at €167.4 million, up from €166.9 million in 2024, while operating profit rose 9% to €270 million. Shareholders received dividends of €8.4 million.
A tale of two divisions: Human food, built around GBfoods — the former Gallina Blanca — brought in €1,426 million, up 1.3% year on year. The pet food arm, led by Affinity Petcare, saw revenue fall 2.5% to €953 million, making Ollie a bet on reversing that decline.
What's the endgame? Agrolimen is reshaping both sides of its business. In human food, GBfoods sold Belgian unit ButterflyDealroom has a profile for this one. Try Dealroom → and French unit La Ferme d'AnchinDealroom has a profile for this one. Try Dealroom → to Italy's La Línea VerdeDealroom has a profile for this one. Try Dealroom →, then acquired 80% of Senegalese sauce and tomato maker AgrolineDealroom has a profile for this one. Try Dealroom → over the summer of 2025.
The signal: With operations in around 100 markets, 24 plants across 11 countries and roughly 5,900 staff, Agrolimen is using acquisitions to push into higher-growth niches. Its move on fresh, subscription-based pet food mirrors a broader industry shift toward premium products, even as its core pet segment contracts.
Read more: expansion.com
Image credit: Generated with Gemini
