Source: Business Wire
Tractor Supply Company, the largest U.S. rural lifestyle retailer, has announced its acquisition of Allivet, a leading online pet pharmacy. This move aims to strengthen Tractor Supply’s offerings for pet, equestrian, and livestock customers, particularly benefiting its 37 million Neighbor’s Club members, of whom 75% are pet owners. The acquisition will expand Tractor Supply’s market reach by $15 billion, leveraging Allivet’s digital PetRx platform and distribution network for efficient next-day delivery.
Tractor Supply CEO Hal Lawton highlighted the acquisition’s value in delivering a convenient, low-cost pet pharmacy solution and enhancing customer loyalty. Allivet CEO Ujjwal Dhoot expressed enthusiasm for reaching more pet owners and advancing product innovation. The acquisition, expected to close in early 2025, is an all-cash transaction funded through Tractor Supply’s balance sheet. This strategic deal aims to capture greater market share, broaden customer services, and promote healthier lives for pets and livestock.
Read the full story HERE: https://www.businesswire.com/news/home/20241024629225/en/Tractor-Supply-Company-to-Acquire-Allivet-a-Leading-Online-Pet-and-Animal-Pharmacy