Tim Hassett has been appointed the Chief Executive Officer of TDBBS LLC, a company making and selling pet toys and natural dog treats. TDBBS is headquartered in Henrico County. The new CEO was appointed after Bregal Partners, a private equity firm, invested in the booming company. Financial terms of the deal were not released to the public.
TDBBS was listed in August by Inc. magazine among the 5000 fastest growing businesses in the private sector. The ranking of the company was 3,144. The three-year rate of growth was 104 percent. Annual revenues were in the region of $49.2 million.
TDBBS sells its products primarily under three labels- Paw Luxury, Best Bully Sticks, and Barkworthies. The company was founded by Lauren Elmakis and Avrum Elmakis. It started operations in 2007. The two began their business when they could not find anything in the market to buy when it came to satisfying the nutritional requirements of their own canines. The first products were sold from their home. Marketing was done predominantly online. The company at present employs about 200 personnel. TDBBS functions out of a massive 180,000 square foot warehouse and office complex. The address is in eastern Henrico at Eastport Road.
Hassett and expertise
Hassett is an experienced hand. He has held the president's post in the Americas division of Beam Suntory Inc. He also worked for 10 years at Campbell Soup Co. as the CEO. Avrun Elmakis, in his statement, welcomed Hassett to the helm of the company. They also expressed satisfaction when it came to their partnership with Bregal.
Elmakis said the people working in Bregal has multiple years of rich experience in the pet industry. This makes them an irreplaceable asset to TDBBS going forward. He continued, saying the business's growth prospects have never been brighter, and the opportunity exists in the future to establish the company in a leadership position in natural chews category.
According to Elmakis, the company has enjoyed super-fast expansion. The inclusion of Hassett will hopefully take the company to a higher level. Its products can now be found at most retail outlets. The founder's words were echoed by Charles Yoon, the managing partner of Bregal Partners'. He said as consumers want better quality and premium ingredients for their pets, an opportunity exists to create a better awareness of benefits provided by natural chews. New product innovation will also happen due to this development.