::this post ID is 13614::::in categories of ..News....Retail..::

Global Pet Foods makes management and ownership changes

WTF Holdings Inc TeamJim Walker, Paul Thompson and Dino Fragaglio of WTF Holdings have purchased a majority share of specialty pet food retail franchise system Global Pet Foods’ parent company, Franchise Bancorp.

WTF purchased 50 per cent of the shares from former board chair Ted Loyst. As part of the agreement, he also sold his remaining holdings to the team, making them majority shareholders. They announced the completion of the purchase at Global Pet Foods’ recent 40th anniversary celebration. Moving forward, WTF intends to make a bid for the remainder of the shares.

Fragaglio is now president of Global Pet Foods, Walker is board chair and Thompson is CEO.

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