Petco Acquires Drs. Foster & Smith

PetcoPetco is set to buy the online pet product retailer Drs.Foster & Smith. The San Diego-based pet supply chain announced its agreement with the veterinary-owned mail order company on Wednesday. According to Petco CEO Jim Myers, this will permit Petco to expand its services to include prescription services, prescription diets, preventive care and a whole new line of products created by licensed veterinarians. The acquisition is expected to be completed by early 2015.

Petco operates more than 1,300 pet-specialty retail stores nationwide,with several stores in Puerto Rico and Mexico.

 

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