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“FURminator is an ideal fit with our stated strategy to seek synergistic, bolt-on acquisitions that expand our product line with strong, complementary brands in growing categories, increase and extend our market penetration, and provide for manufacturing and distribution synergies”

“FURminator is an outstanding addition to UPG and its broad companion animal product portfolio, giving us the global leadership position in the large and growing $200 million dog and cat grooming category,” said Dave Lumley, Chief Executive Officer of Spectrum Brands Holdings. “This accretive acquisition, which will enhance our margins, offers major revenue growth opportunities as well as manufacturing, supply chain and distribution synergies which we expect to quickly realize over the next 12 to 18 months.”

Founded in 2002 and with annual revenues of nearly $40 million, FURminator markets professional quality dog and cat products for the worldwide grooming tools and accessories category using two brands: FURminator® in the North American pet channel and internationally and FurGOpet® in the North American mass merchandise channel.

“FURminator is an ideal fit with our stated strategy to seek synergistic, bolt-on acquisitions that expand our product line with strong, complementary brands in growing categories, increase and extend our market penetration, and provide for manufacturing and distribution synergies,” Mr. Lumley said.

“FURminator will help advance our dual strategy,” he continued, “of accretive, bolt-on acquisitions and a resulting faster rate of debt reduction and deleveraging in fiscal 2012 and 2013 from the growth these acquisitions provide.”

Based in Cincinnati, Ohio and with fiscal 2011 net sales of $579 million, United Pet Group, Inc. is a subsidiary of Spectrum Brands Holdings, Inc., and is the leading manufacturer of consumer products for the pet supply markets globally. United Pet Group provides its customers with innovative products of outstanding quality for pet owners, including dogs, cat, birds, small animals, fish and reptiles. Its brands –Tetra®, Marineland®, Nature’s Miracle®, Dingo® — are well recognized by consumers for delivering exceptional value and trusted results. United Pet Group’s passion and longstanding commitment to quality and value has earned the confidence of its global retail partners, who count on United Pet Group to deliver innovative and highly profitable products, customized solutions and merchandising excellence.

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The number of pet shops is increasing rapidly and driving growth of pet products in India. Veterinary clinics are also growing in number and more vets are becoming involved in retailing. Many grooming products have become available over the review period and are expected to do well, according to trade sources.

Typically imported, some examples of these include Isle of Dogs, Furminator, Karlie and Plush Puppy.

Indian pet owning consumers are also starting to become aware of pet dietary supplements.

India, often referred to as one of the leading global growth opportunities – part of the 'BRIC' group of countries (Brazil, Russia, India, China) has a rapidly emerging pet consumer society.

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According to the agreement, Butler Schein is allowed to purchase the OncoPet Sample Collection Kit from OncoPet Diagnostics to resell to their vast network of veterinary professionals in the United States. The Company has sent Webster Veterinary notice of termination of its previous distribution agreement.

"We are extremely satisfied to have completed a definitive distribution agreement for sales of the OncoPet Sample Collection Kit with Butler Schein," stated Dr. Paul D. Slowey, President of BioCurex. "With the largest animal health distribution company in the U.S. now under agreement with OncoPet, we are confident that our products and services will be comprehensively represented to animal health professionals throughout the largest veterinary market in the world.

Dr. Ricardo Moro, OncoPet's President and BioCurex's CEO added, "It is important to stress the significance of this agreement because the largest distributor of veterinary products in the U.S. knows what sells well and how to make money with the products they carry. Their confidence in the OncoPet RECAF test is a huge endorsement and a clear indication of its commercial potential. The sales force of this company is in the hundreds and our facilities are ready to process any orders resulting from their efforts.

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