Tractor Supply Has Agreed To Acquire Allivet, A Privately Held Online Pet Pharmacy, Deal Terms Were Not Disclosed And The Transaction Is Expected To Close In Q1 Of 2025
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply has announced its acquisition of Allivet, an online pet pharmacy, to enhance its offerings for pet and livestock customers. The deal is expected to close in Q1 2025.
October 24, 2024 | 11:32 am
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Tractor Supply is acquiring Allivet to enhance its pet and livestock product offerings, aiming to provide a low-cost pharmacy solution to its 37 million Neighbor's Club members. The acquisition is expected to close in Q1 2025.
The acquisition of Allivet by Tractor Supply is a strategic move to expand its product offerings in the pet and livestock sector. This is likely to attract more customers and increase sales, positively impacting TSCO's stock price in the short term.
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