LOWER NAZARETH TWP., Pa.- A pet food distributor based in Northampton County is announcing a new partnership with a West Coast company.
Phillips Pet Food and Supplies of Lower Nazareth Township is forming a joint venture with Central Garden and Pet of Walnut Creek, California.
Under the terms of the agreement, Central will receive cash proceeds and retain a 20% ownership stake in the new venture. Phillips and its existing investors will hold the remaining 80%, with the new business operating as an independent entity focused on scaling a nationwide distribution platform…