Freshpet, Inc. 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 indus ...

company. Its

cat food Cat food is food specifically formulated and designed for consumption by cats. During the 19th and early 20th centuries, cats in London were often fed horse meat sold by traders known as Cats’ Meat Men or Women, who traveled designated routes ...

and

dog food Dog food is specifically formulated food 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 carn ...

products are marketed as fresh, and need to be kept

refrigerated Refrigeration is any of various types of cooling of a space, substance, or system to lower and/or maintain its temperature below the ambient one (while the removed heat is ejected to a place of higher temperature).IIR International Dictionary of ...

. It is listed on the

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

exchange with the

ticker symbol A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded Share (finance), shares of a particular stock or Security (finance), security on a particular stock exchange. Ticker symbols are arrangements of symbols ...

FRPT.

History

Freshpet was founded in

Secaucus, New Jersey Secaucus ( ) is a Town (New Jersey), town in Hudson County, New Jersey, Hudson County, in the U.S. state of New Jersey. As of the 2020 United States census, the town's population was 22,181, an increase of 5,917 (+36.4%) from the 2010 United St ...

, in 2006 by Scott Morris, Cathal Walsh, and John Phelps, former pet food executives. It opened a factory in

Quakertown, Pennsylvania Quakertown is a Borough (Pennsylvania), borough in Bucks County, Pennsylvania, United States. As of 2020, it had a population of 9,359. The borough is south of Allentown, Pennsylvania, Allentown and Bethlehem, Pennsylvania, Bethlehem and nor ...

, in 2006; and another in

Bethlehem, Pennsylvania Bethlehem is a city in Northampton County, Pennsylvania, Northampton and Lehigh County, Pennsylvania, Lehigh counties in the Lehigh Valley region of eastern Pennsylvania, United States. As of the 2020 United States census, 2020 census, Bethle ...

in 2013. Freshpet went public on the

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

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 ...

of $447 million. 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. 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. In 2024, the company moved its headquarters to Bedminster, New Jersey.

Products

Freshpet's

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 (chemistry), trimer of cyanamide, with a 1,3,5-Triazine, 1,3,5-triazine skeleton. Like cyanamide, it contains 66% nitrogen by mass, and its derivatives ha ...

, 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