Baby buggy company Phil & Teds is on the hunt for acquisitions to add to its business, which is already worth $300 million by one estimate.

NBR approached Phil & Teds founder Campbell Gower for comment after hearing rumours that the company was for sale.

But Mr Gower says he’s not in any discussions to sell his 69.4% shareholding, and Phil & Teds is in fact looking for a complementary product line or sales and distribution channel to purchase.

“We could bolt on to them or they could bolt on to us,” Mr Gower says.