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Stock impact report

PetIQ, Inc. Announces Strategic Acquisition of HBH Enterprises LLC

PetIQ, Inc. - Class A (PETQ) 
Last petiq, inc. - class a earnings: 3/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.petiq.com
Company Research Source: GlobeNewswire
Enhances Manufacturing Capabilities to Support Future Growth EAGLE, Idaho, Oct. 17, 2018 (GLOBE NEWSWIRE) -- PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading pet medication and wellness company, today announced it has completed the strategic acquisition of HBH Enterprises LLC (“HBH”), with HBH becoming a wholly-owned subsidiary of PetIQ.  The consideration for the acquisition consisted of $0.5 million in cash, the issuance of 400,000 shares of PetIQ Class B common stock and the repayment of certain HBH debt.    HBH, located in Springville, Utah, is an innovative developer and manufacturer of specialty pet supplements and treats. Founded in 1988, HBH has evolved into a highly sought after consultant, creative partner and product developer to the pet industry. PetIQ has been utilizing HBH’s manufacturing expertise since 2012, including within PetIQ’s Springville, Utah production facility since 2014, for its OTC consumable products within the health and wellness and t Show less Read more
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