IRVING, TEXAS — Animal Supply Company (ASC), a large pet industry distributor operating in the United States, announced Aug. 18 it has received more than $40 million in capital and acquired equity from its existing institutional investors to drive growth for the company.
The investment deals closed on Friday, Aug. 14.
“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.”
The company works with more than 200 brand partners and more than 7,000 retail partners operating over 15,000 stores throughout the United States. ASC employs approximately 1,000 people across its 18 facilities.
Randy Reber, board manager and one of the original founders of ASC, 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.”
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