PetSmart which operates more than more than 1,500 pet stores in the U.S., Canada and Puerto Rico is reportedly paying about $3.35 billion for Chewy.com.
Chewy is based in Dania Beach, Florida and operates fulfillment centers in Indiana, Nevada, Pennsylvania, Texas and is scheduled to soon open a new facility in Florida.
The acquisition, which is subject to customary regulatory approvals, is expected to close by the end of PetSmart’s second fiscal quarter of 2017.
PETSMART NEWS RELEASE: 4.18.17
-PetSmart Announces Agreement to Acquire Chewy, A Leading Online Pet Retailer