• Natural/holistic pet food segment is growing faster than the overall category due to overall health and wellness trends and the increased humanization of pets
• Fragmented category presents opportunity to build the #1 independent, natural/holistic pet food brand in North America
• Owned manufacturing provides significant product quality advantages and results in higher margins
• Superior product and experienced management team well-positioned to capitalize on growth of the category
• Opportunities to improve efficiency with transition from a family-run business

• Growth Strategies: SPC increased the Company’s focus on sales and marketing, resulting in an expansion of the sales force and distributor base and improved packaging design
• Management: Elevated next generation of management to leadership role, implemented incentive compensation plan and augmented team through addition of new CFO
• Operations: Outsourced freight logistics and completed a $1.3 million warehouse expansion project to facilitate growth

Exit
SPC sold Eagle Pack to an affiliate of Berwind Corporation in October 2007