Jollyes, The Pet People has acquired Midlands-based Penparc Pet Centre Group to accelerate its growth.
With the support of HSBC, Jollyes has bought Penparc’s five stores in Cannock, Stafford, Stoke-on-Trent, West Bromwich and Telford.
The move, following the opening of a new store in Southport, takes the number of Jollyes stores to 80. With seven other openings planned across the UK over the coming weeks, the retailer is on track to deliver on its promise to open 20 new stores by May 2023.
Jollyes has also released very strong trading results for the full year to the end of May 2022 with turnover over the full year growing to £86m – a 15 per cent increase.
Jollyes expects family-run Penparc to be a highly complementary addition to its family, giving it a significant presence in the Midlands.
Jollyes CEO Joe Wykes said: “The dedication of the Penparc team to their pet-owning customers have made them legendary in the towns they trade. We couldn’t be prouder to bring them into the Jollyes team. Whether organically or through acquisition, we remain ambitious as we seek other opportunities to grow.”
Penparc director Richard Allen said: “We’ve got to know Jollyes well over the last few months and we’re confident that we’ve found a buyer who shares what makes us special and will be a good steward for the business, our colleagues and customers in the years to come.”
