Phillips and Animal Supply Company Terminate Merger Agreement

EASTON, Pa. & IRVING, Texas--(BUSINESS WIRE)--Phillips Pet Food & Supplies ("Phillips") and Animal Supply Company ("ASC"), today announced that they have terminated the Agreement and Plan of Merger announced on February 25, 2020. While Phillips and ASC believe in the merits of a potential transaction, the economic uncertainties caused by the COVID-19 pandemic have made it difficult to close on many business transactions in the United States, including this merger of Phillips and ASC. Phillips and ASC remain committed to supporting their individual retailer customers and brand partners going forward.

About Phillips Pet Food & Supplies

Phillips Pet Food & Supplies business started as a single feed store in 1938 and now has 10 distribution centers strategically located across the United States. Phillips proudly serves the Pet Specialty Industry and is committed to providing customers with the products and services that will contribute to the growth and profitability of their businesses. For more information, visit PhillipsPet.com.

About Animal Supply Company

Animal Supply Company is the national leader in Local Everywhere® pet food and supplies distribution serving independent pet specialty retailers throughout the United States and the Caribbean. Founded in 1987, Animal Supply Company has grown to serve customers out of 18 distribution centers, of which 10 offer e-commerce fulfillment services. The company has 7,000+ independent retail customers who operate more than 15,000 retail outlets distributing pet food and supplies. For more information, visit AnimalSupply.com.