Pets at Home buys equestrian business
RETAILER Pets at Home has snapped up specialist equestrian multi-channel business, Ride-Away.
The deal for the Yorkshire-based company, will add sales of £6.7m and boost Pets at Home’s specialist credentials in a fragmented sector.
Ride-Away was established in 1980 by current owners Stephen and Angela Clark. It has an extensive online and catalogue operation as well as a 15,000 sq ft store in York.
Pets at Home chief executive Nick Wood said: “The acquisition of Ride-Away is a really exciting opportunity for Pets at Home where our equestrian offer is very limited at present.
“Stephen and Angela Clark have built Ride-Away into a significant multi-channel operation, specialising in the equestrian market. By deploying our wealth of experience and resources to support an accelerated growth plan we look forward to developing the business further over the coming years. The success of Pets at Home is built on a foundation of friendly expertise delivered by outstanding colleagues, authoritative ranges, product innovation and great service. We believe in Ride-Away we have bought a business that shares these attributes.”
Stephen and Angela Clark added: “Having decided to sell our family business it was important to us that we found a buyer who shares the values that have underpinned the growth of Ride-Away to date.
“Given the experience and resources that Nick and his team have at their disposal we believe they can successfully build on the very strong foundation we are proud to have built over the last 32 years.”
Advisers included Ward Hadaway and KPMG.
