PET food manufacturer Forthglade has received a £6-million investment from Piper, a leading specialist investor in consumer brands.

Forthglade produces its range from its own manufaturing facility just outside Winkleigh.

It was an early pioneer in providing grain-free products alongside its core range of natural foods and at least 95%of Forthglade ingredients are sourced in the UK, many as locally as possible.

Gerard Lovell, joint managing director of Forthglade, said: ‘Although we were approached by other potential investors, Piper demonstrated the value it will bring to our brand and has already had a significant impact on the business. It was this, combined with the team’s undeniable passion for creating brand legends, that set Piper apart from other investors.

‘The Forthglade business has come a long way over the last five years. As a company we’ve invested heavily to support the growth of the business.

‘These investments, along with the dedication from our team and the support from the trade and local businesses, have enabled Forthglade to flourish. We’re thrilled that the Piper team share our vision for the future.’

Libby Gibson, a partner at Piper, said:?‘We approached Forthglade having seen how passionately customers and, most importantly their pets, responded to its products.

‘We believe there is a significant market opportunity to develop Forthglade into a household name and become the leading natural pet food brand for happy and healthy pets.’

The investment is just the latest sign of the business’s turnaround in fortunes since 2011 when HM Revenue and Customs petitioned for the company to be wound up for debts in the region of £250,000.

Since the company was purchased by a team of shareholders that October, it has seen an impressive 50% growth year on year.

As part of the deal, food industry veteran Peter Farquhar, previously chairman of Dorset Cereals and Clipper Tea, has joined Forthglade as chairman.