Petco boosts animal health presence with purchase of Drs. Foster & Smith

Pet retail giant Petco of San Diego announced Wednesday that it is acquiring online and catalog company Drs. Foster & Smith, which is owned by veterinarians and based in Wisconsin. Drs. Foster & Smith, launched in 1983 by four veterinary clinics, has built its brand on providing prescription medicines and food for animals, as well as educational material for customers to help them meet the physical, mental, and emotional needs of their pets. "This move underscores our commitment to nurturing the complete health and well-being of animals and further allows Petco to meet the diverse and expansive needs of pet parents," said Jim Myers, CEO of Petco, in a press release. The terms of the acquisition were not disclosed. Release