Royal Canin is a worldwide manufacturer and supplier of products focused on breed-specific, lifestage-specific, and veterinary prescription dog and cat nutrition.It was founded in 1967 in a village of Gard, France, by the French veterinary surgeon, Jean Cathary. Its headquarters are now located in Aimargues, France. In March 1972, Royal Canin was acquired by Guyomarc'h. In 1990, French bank, Paribas, bought out the Guyomarc'h Group. In July 2001, Paribas sold Royal Canin to Mars for more than 1.5 billion euros. Approximately 93% of the purchase price consisted of goodwill paid. Mars paid 22.3 times its EBITDA (earnings before interest, taxes, and depreciation). In March 2004, Royal Canin acquired the veterinary grade manufacturers/service providers, in the U.S. and Canada, the IVD, Medi-Cal and Techni-Cal brands from Del Monte Foods for $82.5 millionThe company is most known for researching the clinical formulation, testing, manufacturing and marketing of a range of breed-specific and symptom-specific diets for dogs and cats. In addition to food production, Royal Canin also issues numerous books with the support of world-class academics from veterinary departments: comprehensive encyclopedias on pets (4 million copies and published in 15 languages), guidebooks on canine and feline breeding, nutrient guides, academic and professional publications for veterinarians and breeders, and deluxe technical brochures on each breed targeted by a specific diet. Publications also include FOCUS, a scientific quarterly that appears in 11 languages and reaches over 70,000 veterinarians around the world, and 1,450 Waltham-Royal Canin veterinary publications (compared with almost 400 publications from the company's closest competitor).