Merger and acquisition activity within the Pet & Animal Care industry reached an impressive high of 61 transactions in 2015, representing a 30% increase in volume over 2014 levels. Of those transactions, 53 were completed by strategic acquirers while 8 represented acquisitions by financial buyers. The high level of strategic acquisitions is consistent with past trends in the Pet & Animal Care industry, as industry players seek acquisitions as a means to expand their product line and drive growth.