Investors have Provided Additional Capital Investment of Over $40 Million
IRVING, TX – August 18, 2020 – Animal Supply Company (‘ASC’ or ‘the Company’), the national leader in pet food and supplies distribution, is pleased to announce that a group of its existing institutional investors have provided over $40 million of capital for the Company and acquired equity to position ASC for continued growth within the dynamic pet industry that ASC has served for over 33 years. The transactions closed on Friday, August 14, 2020.
ASC shares a passion for animals through trusted partnerships that connect the brands and customers they serve to those who love pets. The Company has more than 200 brand partners and over 7,000 retail customers operating more than 15,000 retail outlets. It operates 18 facilities, of which 10 offer eFulfillment, and employs approximately 1,000 teammates.
“Animal Supply Company has always focused on ‘Delivering Success’ for pet specialty retailers,” said Don McIntyre, Chief Executive Officer of Animal Supply Company. “With the financial support of this substantial new capital, ASC looks forward to further expanding our traditional and digital services for our customers and vendors.”
Randy Reber, Board Manager and one of the original founders of the Company, added, “The pet industry has historically continued its growth during recessions and pet ownership is higher now than ever before. This is a great time for ASC to expand relationships with vendors and partner with them to launch innovative products that meet the needs of the pet specialty channel.”
For more information on Animal Supply Company, visit: www.animalsupply.com.
About Animal Supply Company®
Animal Supply Company is the national leader in Local Everywhere® pet food and supplies distribution serving retailers throughout the United States and the Caribbean. Animal Supply Company’s mission is to share our passion for animals through trusted partnerships that connect the brands and customers we serve to those who love pets. We envision a world where every pet is happy, healthy, and safe, and we work through our teammates, customers, and vendors to realize this goal. Animal Supply Company operates 18 facilities, of which 10 offer eFulfillment, and employs approximately 1,000 teammates. The Company has 7,000+ independent retail customers who operate more than 15,000 retail outlets distributing pet food and supplies.