Insider Media has reported that the acquisition of a dog products distributor has helped boost sales to almost £38m at historic pet food maker Pets Choice, whose brands include Webbox, Goodwyns and the Original Davies.
Pets Choice has increased turnover by 7 per cent to £37.8m for the 2016 calendar year. Approximately 98 per cent of sales came from the UK.
Pre-tax profits dropped by 24 per cent to £1.8m over the same period.
In March 2016, Pets Choice acquired the business of the Tasty Bone Co for a total consideration of £2.2m in cash. Tasty Bone manufactures a range of nylon, edible and rubber chew and play toys for dogs.
In a strategic report accompanying the accounts, the board said: "The directors are very satisfied with the company's performance for the year and look forward to the continued development of the business during the year ahead.
"The company has continued to develop and grow in the year, investing in new and innovative products. The acquisition of the Tasty Bone Co during the year helped contribute to increasing product diversity and further acquisitions that would enhance the company's market share and product mix are being targeted."
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