Petco announced last month it has entered into an agreement to acquire Drs. Foster and Smith, a leading veterinary-owned online pet supply company. The combination will unite the largest pet specialty retailers with one of the largest online pet retailers in the country.
"This move underscores our commitment to nurturing the complete health and well-being of animals and further allows Petco to meet the diverse and expansive needs of pet parents," said Jim Myers, Petco CEO. "As pet lovers first and foremost, our values are perfectly aligned with Drs. Foster and Smith and we're confident this new addition to our business will help us continue to offer the very best in products and services to pets and pet parents."
The acquisition is expected to be completed by early 2015. The terms of the deal will not be disclosed.
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