Iskaypet takes over Portuguese retailer Ornimundo
The Spanish group confirmed the acquisition of one of the main players in the country, which is expected to grow by 17% this year.
Ornimundo, founded in 1994, is one of the main pet care companies in Portugal. It has 32 stores across the country as well as 20 pet grooming centers and 2 outlets.
CEO Jorge Moura recently told GlobalPETS that the group and its wholesale business ProPet are having a good momentum. He added that, while the Portuguese pet market has plenty of opportunities to grow, the company was also looking to grow its footprint in Spain.
The retailer expects to achieve a yearly revenue of €35 million ($40M) “in the coming years”.
IskayPet is the leading Spanish pet care and retail group and owns pet shop chains Kiwoko and Tiendanimal with more than 200 shops.