EASTON, Pa. and IRVING, Texas — Two major pet industry distributors, Phillips Pet Food & Supplies and Animal Supply Company (ASC), announced Feb. 25 a merger that will combine the two companies into one super-distributor.
“Phillips and ASC have made clear progress toward building industry-leading distribution platforms and enabling our retailers and brands to delight their consumers,” said Todd Shelton, CEO of Phillips. “We are confident that a combination with ASC will enhance support for our many pet specialty retailers.”
Under new ownership, the combined companies said they will invest in new capital and expand credit facilities in order to enhance services for its pet retailers and brands. This includes an improved distribution model and footprint through more efficient routing, fill rates and service, as well as expanded e-commerce solutions through Animal Supply Connect and Endless Aisles.
“We are excited about the partnership with Phillips,” said Don McIntyre, CEO of ASC. “Our complementary distribution platforms will have greater reach and enable the combined company to provide enhanced and more efficient service – driving growth and profitability for our customers’ businesses.
“The ASC and Phillips teams will work together to facilitate a smooth transition for retailers and brands, as they position the combined company for long-term success,” McIntyre added.
The transaction is expected to close early in the second quarter of 2020.
Read more about mergers and acquisitions in the pet food and treat space.