Louisville-based Feeders Pet Supply announced this week it plans to acquire Pet Food Centers in Evansville, though financial terms of the deal were not disclosed.
If the acquisition is approved, Feeders Pet Supply said it will assume control of four Pet Food Centers stores in the Evansville area and one in Clarksville, Tennessee.
Mike Septo, founder of Pet Food Centers, said in a news release that it is tough to talk away from the business that has been in his family for 35 years, but he believes the company is in good hands with Feeders Pet Supply.
“Evansville is a great extension for us geographically and adds to our existing store base in both Indiana and Tennessee,” Feeders Pet Supply CEO Brannon Dixon said in the release. “Mike Stepto has cultivated a great culture at Pet Food Centers and we look forward to delivering quality products and continuing to be a trusted partner in the Pet Food Center markets.”
It was not immediately clear how many employees Pet Food Centers has. However, Feeders Pet Supply is a subsidiary of Houchens Industries, an employee-owned company, and said all full-time Pet Food Centers workers would become employee owners.
Dixon did not respond to multiple requests from Inside INdiana Business for more information on the acquisition, including when he expected the transaction to close.
Feeders Pet Supply said the acquisition would be its sixth in the last nine years.