|Barked: Mon Jun 13, '11 11:12am PST |
|Here is the official post that was on Pet Products News website.
Petco Acquires Complete Petmart Chain
Posted: June 8, 2011, 4:10 p.m., EDT
Petco has purchased Complete Petmart, a 29-store chain with locations in Ohio, North Carolina and West Virginia. Petco reported today that it has acquired all the assets of Ohio-based pet specialty chain Complete Petmart. Terms of the transaction were not disclosed.
“Complete Petmart has been a popular destination for pet parents in this region for more than 25 years, and we’re proud to continue their tradition of providing high-quality products and superior customer service,” said Petco CEO Jim Myers. “We’re excited and look forward to becoming actively involved in the communities we're joining and to helping more pet parents give their pets the quality life they deserve.”
Complete Petmart operates 29 small box stores in Ohio, North Carolina and West Virginia, with most stores located in the Dayton, Ohio; Columbus, Ohio and Cincinnati/Northern Kentucky metropolitan areas.
The acquisition significantly expands Petco’s presence in the region, particularly in the Dayton, Columbus and Cincinnati markets, bringing the total number of Petco stores in the Buckeye State to 41.
“We saw an opportunity to expand our presence in the area,” said Petco spokeswoman Lisa Epstein. “Complete Petmart has a great operation, a loyal customer base and it was the right fit at the right time.”
Complete Petmart stores will remain open and all 230 employees will be retained, according to Petco. Complete Petmart co-owners Kevin Manley and Tim Rogers will stay on with Petco in a professional capacity, Epstein said.
“Partnering with Petco’s strengths and best practices will propel the successful growth of the proven Complete Petmart format,” Manley and Rogers said in a joint statement.
San Diego-based Petco plans to eventually rebrand Complete Petmart stores as Petco stores. Pet owners are advised to be on the look out for grand opening announcements in the coming weeks. A timeline of the change-over was not yet available.