Raeburn leads Pets choice buyout

the manager government of Blackburn pet meals brand, Pets choice, has teamed up with a organization to purchase the company.

Tony Raeburn, who already held 32% of the shares, has led the buyout with Hans Jurgen Deuerer, founder of German pet meals manufacturer Tiernahrung Deuerer.

both guys now have an equal share within the enterprise. The cost of the deal turned into no longer disclosed.

The deal gives an exit to a few shareholders together with Joseph Davies and Anthony Oppenheimer who held 22% and 17% respectively.

the brand new homeowners plan to invest within the company and take a bigger market share. they are saying it is going to now not affect jobs at the enterprise which produces pet meals under the Webbox, Davies and Pets option manufacturers. The business employs a hundred forty five people and has income of around £26m.

Mr Raeburn stated: "Pets option has proven massive boom over the last 5 years and the Webbox company is now probably the most quickest growing brands in the UK dog and cat market.

"This buyout will allow us to extra build on this boom and success by means of drawing on the big event of each myself and Hans Jurgen Deuerer within the pet grocery store.

"i'm excited about moving into partnership with Hans Jurgen, who's passionate in regards to the pet meals business. We at the moment are seeking to make investments appreciably within the company to preserve the fast boom of the Webbox company each within the UK and remote places."                                                   legislation firm Osborne Clarke and accountancy firm Taylor Viney & Marlow suggested on the deal.

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