Deal sealed: Fressnapf acquires Arcaplanet
The German pet retailer, which already had a stake in the Italian company, will add 560 locations to its portfolio. GlobalPETS dives into the details.
Fressnapf is to become the new owner of Italian pet retailer Arcaplanet after British private equity firm Cinven became a minority stakeholder in the Krefeld-headquartered company.
The German pet retailer is set to expand its market presence in Italy to 560 locations nationwide.
Through the acquisition, the company’s Europe-wide network will grow to 2,600 stores in 14 countries, with the aim of offering customers a “first-class” omnichannel shopping experience.
The transaction is expected to add more than €700 million ($757.36M) to Fressnapf’s revenue. The German pet retailer aims to hit a gross turnover of around €5 billion ($5.41B). In 2023, it posted a turnover of €4 billion ($4.33B). The company employs 20,000 people and serves 20 million customers.
The terms of the acquisition have not been disclosed and it will be subject to customary regulatory and antitrust approvals.
European leadership
According to the company, their strategic repositioning from supplier to caretaker is “the right path.”
“In the future, we want to be nothing less than the best and fastest growing pet supplies retailer in Europe,” says Torsten Toeller, Founder and Owner of the Fressnapf Group.
Together with Cinven, Toeller plans to intensify their partnership by investing Cinven funds in Fressnapf Holding, which will provide strategic support for the retailer’s growth plan.
“I am very excited because, on the one hand being part of the Fressnapf Group will accelerate the growth opportunities we have ahead of us, and on the other, it means that the talents and capabilities of Arcaplanet can contribute a lot to the success of the whole Fressnapf Group,” concludes Nicolò Galante, CEO at Arcaplanet Group.
Share this story:
