Tue, 09 Apr 2013 | MERGER
Pet retail chain Pets at Home has purchased Vets4Pets - a chain of 93 veterinary service providers - in a deal estimated to be worth between £30 million and £50 million.
North west-based Pets at Home plans to merge Vets4Pets’ standalone practices with its own vet brand Companion Care, which has 116 branches within Pets at Home stores. In addition Pets runs 86 in-store grooming salons under a brand called The Groom Room.
It is not clear yet whether the Pets4Vets brand will be retained or absorbed into the Companion Care brand.
Together the businesses’ pro-forma sales to the year ending 31 March will reach £100 million.
The combined 210 veterinary practices represent a small portion of the total 2,500 practices for small animals in the UK.
The deal will help reach Pets at Homes’ goal of increasing its range of services for pets and their owners in the stores, and encouraging consumers away from online shopping.
Nick Wood, the chief executive at Pets at Home said, “Part of developing a retail proposition going forward is it has to be more than product.
“In our world, services are vet services and grooming salons. If you add both of those together, it gives extra reasons as to why our customers should go to stores in the long term.”
____________________________________________________________________________
Related articles:
Bridgepoint considering sale of Pets at Home business
Now is the time to buy a business
Having established numerous trademarks, Project Clover offers a broad array of internal and external home décor and associated products, such as outdoor furniture and heating; indoor and outdoor lighting; electrical fireplaces and heaters; storage an...
The company specialises in thermal insulation and trace heating solutions, installing and maintaining a wide array of insulation types, fire protection and weatherproof coverings. The business effectively works on many properties, including retail ou...
The group offers a comprehensive range of renewable energy solutions, including solar and electrical design, technical surveys, and installation services for various sectors. As an approved Lux Power installer, the business uses the latest technology...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.