Pets Corner have bought the entire shareholding of competitor business PamPurredPets for £6 million as they seek to continue to expand their number of stores across the country.

Over the past year Pets Corner have consolidated their market leading position by successfully opening 14 new stores in 2015, with more planned for 2016.

The acquisition of the shares of PamPurredPets will add another 51 stores to their holding company’s existing UK portfolio of 110 shops and create the second biggest pet chain in the UK by store numbers and EBITDA (earnings before interest, taxes, depreciation and amortisation).

Pets Corner will continue running PamPurredPets as a separate entity but plan to rebrand the stores, which are located across southern England and Wales, over the next few years and add Pet Practice veterinary concessions to seven of the locations. PamPurredPets’ staff will be introduced to the renowned Pets Corner classroom based training programme.

Cavendish Corporate Finance advised Pets Corner on the debt facility used to complete the deal.

Read more about this aquisition and other current Pet Trade stories in Pet Trade Xtra: http://pettradextra.newsweaver.com/Newsletter/q6sxo1u9abg