January 7, 2013

Animal Supply and Summit Pet Join Forces

SEATTLE, WA — January 7, 2013 — Animal Supply Company announced today that Greensboro, North Carolina based Summit Pet Product Distributors has joined forces with Animal Supply Company. Jay Joyce, President of Summit Pet, and Mike Copeland, Senior Vice President of Summit Pet, as well as all of the managing partners will become equity investors in Animal Supply. Mr. Joyce will join Animal Supply’s board of directors and will continue to direct Summit’s operations as its President. Following the closing of the acquisition, Summit Pet will continue to operate under the Summit Pet name and be led by its current management team. Transaction terms were not disclosed.

The acquisition further enables the combined company to offer its customers and manufacturers unmatched value-added services, breadth of products and geographic reach, with operational consistency across the platform. The combined business will now cover 30 states, represent over 300 pet product manufacturers and deliver to more than 5,000 pet retail stores.

Summit Pet is the leading wholesale distributor of pet food and pet products in the southeast United States, serving the Carolinas, Virginia, West Virginia, Georgia, Alabama, Tennessee, Delaware, Maryland, DC, New Jersey, Ohio and Pennsylvania. The company carries one of the broadest product selections in the industry, enabling them to serve nearly all of their customers’ product needs. It also has one of the industry’s most advanced warehouse and delivery systems, resulting in best-in-class order accuracy and on-time delivery.

“Summit Pet is a best-in-class operator that has built a 25 year reputation of excellent customer and vendor service,” said Randy Reber, Chairman of Animal Supply. “Similar to our recent partnership with Lone Star, Summit’s common culture and unwavering commitment to excellence in the pet specialty market makes this a truly synergistic combination with Animal Supply.”

Mr. Joyce said, “We believe in Animal Supply’s long-term vision of building the preeminent pet products distributor in North America and are excited to be their partner to help in creating it. We have always had great respect for the operating philosophy and progressive visions of both Animal Supply and Lone Star. This partnership enables us to provide even better service and coverage for our customers and vendors alike.”

On November 8, 2012 Animal Supply completed the acquisition of Schertz, Texas-based Lone Star Pet Supply, expanding its coverage into Texas, Oklahoma, Louisiana and Arkansas. Further, on December 14, 2012 Animal Supply completed the acquisition of the California operations of Zeus Pet, based in Commerce, California, completing its coverage in the Western United States.

Animal Supply is the nation’s leading pet food and supplies distributor. Headquartered in Federal Way, Washington, Animal Supply provides weekly service to customers in 20 states from San Diego, California to Barrow, Alaska to New Orleans, Louisiana. The company operates nine strategically located distribution centers and forward warehouses in Washington, Oregon, California, Idaho, Texas, Louisiana and Colorado.

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