The pet food manufacturer and distributor are teaming up to enhance the distribution of premium pet food products.

The pet care business posted the highest nine-month organic growth rate for Nestlé.

Donald Young will serve as the company’s chief revenue officer.

Petico has acquired assets from Singapore pet food retailer Perromart.

The acquisition is expected to support the company’s Specialty Product Division, which supplies ingredients to the premium pet food sector.

The retailer will open its first retail location in the Toronto area and plans to open 200 other stores in the country.

Woolworths Group has entered an agreement to acquired 55% of the pet retail business. 

In 2022, the brand added 20 new franchise units and increased its revenue by 30%.

“Continued momentum” for its premium, science-based and veterinary pet food brands is leading organic growth for Nestlé.