Irish Firm Moves Into Pet Food

Irish animal health company Chanelle, which has an annual turnover of more than €60 million, has bought Dublin pet food firm PBS Sales for €4 million.

"This is our first acquisition and provides an excellent synergy to our existing business," said founder and managing director of the Chanelle group Michael Burke.

Chanelle began expanding beyond health products three years ago, and distribution of "Chanelle Pet Accessories" already accounts for €14 million of the group's annual turnover.

Chanelle now employs 240 staff, and has offices in Ireland, Britain and France. It is the largest veterinary pharmaceutical manufacturer in Ireland.