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PetSmart to acquire online pet store

Florida-based Chewy, an online retailer of pet supplies, has attracted 3 million customers since its founding in 2011.


PetSmart picks up online pet supply retailer

Tim Boyle/Getty Images

Pet supplies retailer PetSmart said Tuesday it has agreed to acquire, a fast-growing online retailer of pet supplies.

PetSmart didn't disclose the terms of the deal, but Recode valued it at $3.35 billion, edging out the $3.3 billion Walmart paid for in August. The deal is expected to close at the end of the second fiscal quarter of 2017.

Since its founding in 2011, Dania Beach, Florida-based has attracted 3 million customers and counts 4,000 employees among its workforce, according to the South Florida Business Journal. The company was rumored to be going public this year. will largely operate as an independent subsidiary of PetSmart after the deal closes.