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.