Freshpet

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Description

Freshpet is an American pet food company. Its cat food and dog food products are marketed as fresh, and need to be kept refrigerated. It is listed on the Nasdaq exchange with the ticker symbol FRPT.

History

Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh and John Phelps, former pet food executives. It opened a factory in Quakertown, Pennsylvania, in 2006; and another in Bethlehem, Pennsylvania in 2013. 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.