Butternut Box Expands Into Central and Eastern Europe With Acquisition of PsiBufet

2 minute read | April.27.2023

Butternut Box, the UK's first fresh dog food company, has acquired PsiBufet, a Polish company that offers individually tailored fresh food for dogs. The acquisition allows Butternut Box to scale its operations in Europe.

The Deal

Orrick advised Dogmates Ltd., trading as Butternut Box, on its acquisition of Feedwell sp. z o.o., a company that trades as PsiBufet. Terms were not disclosed. Orrick worked with Polish law firm Kondracki Celej on this transaction.

The Context

Co-founded by Kevin Glynn and David Nolan in 2016, Butternut Box:

  • Makes and delivers fresh dog food to customers in the UK, Ireland, the Netherlands, Belgium – and now Poland.
  • Has raised more than £100 million from industry-leading investors.
  • Made a strategic investment in PsiBufet in 2021.
  • Became certified recently as a B Corporation.

Orrick has advised Butternut Box on a variety of topics since its seed round in 2017.

The Impact

This transaction marks a pivotal moment in Butternut Box’s goal to become Europe’s No. 1 pet food company. The acquisition enables Butternut Box to expand to Central and Eastern Europe, with Poland serving as a regional hub for the group's operations, Butternut Box said.

“This acquisition allows us to scale our operations in Europe and bring the Butternut Box experience to even more dog owners and their beloved dogs,” Glynn said.

Nolan said Butternut Box has been “extremely impressed” with PsiBufet. “We are pleased that together we will be able to take care of dogs' health and happiness in Poland, and all over Europe,” he said.

The Team

The Orrick team that advised Butternut Box on this transaction was led by Jamie Moore and included Katie Cotton, Jonathan Rosen, Anna Humphrey, Stephen Tallon, Natalie Brown, Philip Jackson, Archie Zverev and Lucy Mann.

The Kondracki Celej team was led by Rafał Celej and included Karolina Piotrowska-Andryszczyk, Monika Twerdochlib, Marta Olbryś, Gabriela Lewicka and Przemysław Wrzesiński.

More About the Deal