You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Fressnapf acquires Croatian pet supplies retailer Unconditional – legal advisor

Author Annie Tsoneva
Fressnapf acquires Croatian pet supplies retailer Unconditional – legal advisor

ZAGREB (Croatia), June 24 (SeeNews) - German franchise for pet food Fressnapf Group has closed the acquisition of Croatian pet shop chain Unconditional, the legal advisor to the seller, DTB, said.

"As one of the leading regional pet supply companies, Unconditional has effectively partnered and cooperated with the Fressnapf Group that is now its strong shareholder investing in the company’s further expansion in Croatia, Slovenia, Serbia, and Bulgaria,” Croatian law company Divjak, Topic, Bahtijarevic & Krka (DTB) said in a statement earlier this month.

You can subscribe to our M&A newsletter here

Financial details of the transaction were not disclosed.

Since its launch in 1974 with one pet store in Split, Unconditional has grown its business to 30 pet stores in the country and supplying over 1,000 pet stores and veterinarians in Slovenia, Croatia and Serbia. It has almost 300 employees.

The Fressnapf Group is currently active in 11 countries with more than 1,800 physical and online stores and approximately 16,000 employees. It is Europe's largest pet food and supplies retailer with some 3 billion euro ($3.2 billion) in sales revenue sale year.

According to the Croatian court register, Fressnapf was added as co-owner of Unconditional, along with its founder Edvard Varda, at the end of May.

Fressnapf Group did not respond to an email from SeeNews seeking further information about the deal by the time this article was published.

($=0.950 euro)

Share this story
SeeNews in Brief

View our Newsletters

 
Compare