UK petfood manufacturer Pets Choice recently completed a buyout deal with German petfood company Tiernahrung Deuerer, which had was previously a supplier to Pets Choice.
The deal between the petfood companies promises "significant investment," according to a report. Some Pets Choice shareholders, including Joseph Davies and Anthony Oppenheimer, who held shares in the company of 22 percent and 17 percent respectively, left the business.
"This buyout will allow us to further build on this growth and success by drawing on the vast experience of both myself and Hans Jurgen Deuerer in the petfood market," said Tony Raeburn, Pets Choice CEO.
2 top trends for 2021 according to the pet food industry
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
Shelter pet adoption numbers down in 2020, but high rate
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.