PetPlace comes under new ownership
The pet retailer has plans to expand its team with more sales and administrative staff, with the addition of further stores in the coming years
PetPlace has come under new ownership by Snowdon Holdings after having completed a management buyout (MBO) for an undisclosed sum.
It revealed Sion Pritchard and Paul Penketh, directors of Snowdon Holdings, are now majority shareholders of the firm.
The company has stores in Abergele, Ruthin, Mold, Llangefni and Chirk, and a headquarters on Tir Llwyd Enterprise Park in Kinmel Bay.
PetPlace said both Pritchard and Penketh were already leading the North Wales business – supported by founder Gwyn Lewis.
With the pet retailer’s turnover exceeding £10m for the first time it now has plans to expand its team with more sales and administrative staff. It also said it is to open further stores in the coming years.
Pritchard said: “The last two years have raised challenges but also given us the opportunity to advance the business in-store and behind the scenes. Everything is moving in the right direction, but we are looking at the future, which will eventually include further stores and more staff.”
“Whatever happens, we will continue with our long-term and controlled approach and as always the pets and their owners are the number one for priority for everyone here.”
All a long way from the launch of Farm and Pet Place in 1970, which started from the back of a van and grew under Gwyn’s initial stewardship to become the region’s leading independent pet product retailer.
Lewis added: “I am excited to take a step aside and embrace this new era. Paul and Sion have so many wonderful ideas and will lead PetPlace to even greater heights, I’m sure. I am proud of them both and of course delighted to see PetPlace go from strength to strength after all these years – best of luck to you both.”
