3i Group Delays Sale of Cat Food Maker on Trump Tariffs

Private equity firm 3i Group Plc has postponed a sale of the maker of cat food Applaws as it assesses the impact of US President Donald Trump’s tariffs on the business, according to people familiar with the matter.

The London-based investment firm has put the sale process of MPM on hold as the company imports its materials from Thailand, said the people, who asked not to be identified as the information is private. The US last week announced a tariff of 36% on Thailand, among the highest in Asia. The Southeast Asian country has said it will take the lead in devising a strategy to deal with the impact on manufacturers and exporters.