Prague based Vafo Group has acquired a majority stake in the Austrian company Petco. „With this acquisition, we are gaining new pet food brands such as Wow, Dog’s Love, and Cat’s Love, which already have a significant share of the Austrian market and great potential for further growth“, reports Vafo in a press release.
The agreement brings together two family businesses with a combined annual turnover of over 600 mio euros. The partnership aims to utilise synergies within the two companies, expand their respective product portfolios and strengthen their market presence.
The Petco Group will continue to operate independently in Vienna under the management of its founders Stefan and Katharina Miklauz. "With the Vafo Group, we have gained a strong strategic partner that shares our values," says Stefan Miklauz, Managing Director of the Petco Group.
