Blue Dog, Inc. (NYSE: BLDG) and PetCo Inc. announced today that they have entered into an agreement to merge.
Blue Dog will continue to be a wholly owned subsidiary of PetCo.
In the agreement, the merged company will be headquartered in Dallas, Texas, with approximately 100 employees in Dallas.
Under the terms of the merger, Petco will be able to acquire the Company’s current and future assets, including certain office space, intellectual property, inventory, and other assets in Dallas and its surrounding metropolitan area.
Blue Dogs and Petco share a history of successful growth in the pet food market, which has been buoyed by the rise of food companies such as Whole Foods Market, Red Lobster, and Trader Joe’s.
This merger, the result of careful, strategic planning and long-term strategic partnership, will further strengthen Blue Dog’s position in the global pet food business.
“We are very excited to be joining forces with PetCo to expand our global footprint in the food industry,” said Mark T. Smith, President and Chief Executive Officer of Blue Dog.
“The combination of our two brands is going to help us position Blue Dog to become a leader in pet food and pet food ingredient selection, while also creating a stronger brand identity that aligns with our values.”
Under the new agreement, PetCO will retain some of Blue Dogs assets, while Blue Dog retains some of Petco’s existing brands.
Under this agreement, Blue Dog also expects to retain certain strategic relationships with third-party brands that the merger will benefit from.
The transaction will be completed in the fourth quarter of 2020, subject to certain conditions.
The combined company will focus on pet food ingredients that meet the requirements of the European Union, as well as consumer demand for ingredients like salt and pepper.
The merger will result in the consolidation of Bluedog and PetCO, with Petco having more than 20,000 employees worldwide.
Bluedog has been a leader for more than 50 years in pet foods and pet ingredient selection.
The company offers pet food that meets the high quality and nutritional requirements of pet owners, veterinarians, and their patients.
BlueDog is also a leader among food and ingredient companies in the world, serving as a trusted leader in the development and distribution of pet food.
Under its leadership, BlueDog has expanded its portfolio of pet foods, including Red Lobsters pet food, Blue Apron pet food (and Red Lobers pet food), Red Lobber’s pet food products, and Blue Dog products.
BlueDogs pet food is recognized as the world’s best pet food by Consumer Reports, and is featured on the cover of USA Today, Food & Travel magazine, Food and Wine magazine, and others.
In 2016, BlueDags pet food was named “Best Pet Food in America” by Pet Magazine.
In 2018, the company was named one of The World’s 100 Best Pet Food Companies.
Blue Dogs pet foods are distributed in more than 40 countries, including North America, Europe, and Asia.
For more information, visit www.bluedog.com.