George Family Investments (GFI) has acquired a majority shareholding in reptile industry wholesaler Peregrine Livefoods Ltd for an undisclosed sum.
According to a company statement, the investment provides the business with additional support through experience, skills and access to capital, to support growth, development, and long-term value creation. Peregrine’s management team remains unchanged, with continuity for customers, suppliers, and staff, and the transaction also provides long-term stability for employees and reassurance for customers and suppliers.
Under the new ownership, the company plans to increase stockholding, accelerate new product development, and deliver a number of planned capital investment projects aimed at improving efficiency, service levels, and product availability.
GFI is owned by entrepreneur and private investor Michael George, a reptile enthusiast with an extensive private collection of rare and exotic reptiles.
Commenting on the investment, George said: “Peregrine Livefoods is an exceptional business in a sector I care deeply about. As the UK’s leading supplier of reptile products, it has a proven platform from which to scale.
“The investment reflects my confidence in the business and its management team, and we look forward to supporting Peregrine’s continued growth as it develops into a global leader in exotic pet supplies.”
