EASTON, PA, and IRVING, TX — Phillips Pet Food & Supplies and Animal Supply Company have terminated their merger agreement, which was announced on Feb. 25.
“While Phillips and ASC believe in the merits of a potential transaction, the economic uncertainties caused by the COVID-19 pandemic have made it difficult to close on many business transactions in the United States, including this merger of Phillips and ASC,” the companies said in a press release.
“Phillips and ASC remain committed to supporting their individual retailer customers and brand partners going forward.”
Phillips started as a single feed store in 1938 and now has 10 distribution centers strategically located across the U.S.
Animal Supply Company serves independent pet specialty retailers throughout the U.S. and the Caribbean. Founded in 1987, it has grown to serve customers out of 21 distribution centers, of which 10 offer e-commerce fulfillment services. The company has more than 7,000 independent retail customers who operate more than 15,000 retail outlets distributing pet food and supplies.
