PetIQ, Inc. (NasdaqGS : PETQ) acquired Rocco & Roxie Supply Co., Llc for $26.5 million.
February 27, 2023
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PetIQ, Inc. (NasdaqGS : PETQ) acquired Rocco & Roxie LLC for $26.5 million on January 13, 2023. The PetIQ paid consideration from cash on hand. Rocco & Roxie generated approximately $29 million of net sales for the year ended December 31, 2022. As a result of the acquisition, Rocco & Roxie is now a wholly owned subsidiary of PetIQ.
PetIQ, Inc. (NasdaqGS : PETQ) completed the acquisition of Rocco & Roxie LLC on January 13, 2023. The purchase is subject to normal working capital adjustments.
PetIQ, Inc. is a pet medication and wellness company, which provides veterinary products and services. The Company operates through two segments: Products and Services. Products segment manufactures and distributes pet medication and health and wellness products to major United States retail and e-commerce channels through more than 60,000 points of distribution. It is focused its offerings on value-branded products, and third-party branded products for dogs and cats, including pet Rx medications, OTC medications, and wellness products. Services segment provides a comprehensive suite of services at approximately 2,600 community clinic locations and wellness centers hosted at retailers across 39 states. The segmentâs services include diagnostic tests, vaccinations, prescription medications, microchipping, grooming and hygiene and wellness checks. The Rx pet medications products include flea and tick control, heartworm preventatives, arthritis, thyroid, and other specialty medications.
PETIQ, INC. 
