Agri-Shop Ltd
Farminguk
01 June 2016 | Online since 2003
Auto Trader Ltd


2 November 2012 11:12:39|Animal Health,Finance,Market Reports,News

Henry Schein signs agreement to acquire C&M Vetlink


Henry Schein, Inc. (NASDAQ: HSIC), the world’s largest provider of health care products and services to office-based dental, medical and animal health practitioners, announced today the signing of a definitive agreement to acquire C&M Vetlink, a leading distributor of animal health products in Ireland.
The closing of this acquisition is subject to receipt of approval by 90 percent of C&M Vetlink shareholders, as well as approval by Ireland’s Competition Authority.
These conditions are expected to be satisfied by the end of the year. The transaction is expected to be neutral to slightly accretive to Henry Schein’s financial results for 2013.
Financial terms were not disclosed.

C&M was founded in 1973 as a distributor of certain pharmaceutical products in Ireland. Today, C&M Vetlink distributes a wide variety of veterinary and companion animal health products to veterinarians across Ireland and had sales of approximately €42 million ($54.7 million) for the 12 months ended July 30, 2012.
Approximately 70 percent of sales are for large animals, reflecting the importance of dairy farming and livestock to the Irish economy, with the majority of sales from pharmaceutical products. With headquarters in Limerick, Ireland and warehouses in Limerick and Dublin, C&M Vetlink has 46 team members including 11 salespeople.

“As the premier provider of products and services to office-based veterinarians in Europe, we look forward to extending our Pan-European presence to Ireland through the acquisition of C&M Vetlink,” said Stanley M. Bergman, Chairman and Chief Executive Officer of Henry Schein.
“The strong legacy of C&M Vetlink will immediately position us as a leading Irish animal health distributor and complement our well-established animal health business in the United Kingdom and in other European countries. We very much welcome the opportunity to build on the firm foundation of C&M Vetlink and to providing our Irish veterinary customers with even more products and services to meet their practice needs.”

Upon closing, Edmond Wall, C&M Vetlink’s Managing Director, will join Henry Schein as Managing Director, C&M Vetlink, Ireland; and Jim Spratt, C&M Vetlink’s Assistant Managing Director, will join Henry Schein as Operations Director, C&M Vetlink, Ireland.

Download





0 Comment


loginuserlogo
Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Australia | 31 May 2016
Dairy loans might be hard to access, but will help farmers face some hard truths

Low-interest loans may be difficult to access, but will also help people face some difficult truths, a rural accountant says. There's bipartisan political support for concessional loans, which form...


USA | 31 May 2016
Farmers get creative, frugal to stay afloat in tough times

After several boom years while the rest of the economy struggled, farming is entering its third straight year on the bust side of the cycle. Prices for corn and soybeans are low while expenses like se...


Australia | 31 May 2016
Exciting futures in agriculture veiled by dated agriculture stereotypes

There are six figure salaries on offer, and the chance for a fulfilling career producing food and fibre, but persistent and dated stereotypes of agricultural careers mean they're not often the first c...


Australia | 31 May 2016
Cattle worth $8,000 shot dead in northern NSW

Police are appealing for public help after four cattle were shot dead on two separate properties at Cangai, west of Grafton in northern New South Wales. Police believe the two cows and two bullocks...


Ireland | 31 May 2016
Dairy farmers to earn less than industrial wage in 2016

Farmers can't be blamed for the dairy income slump the ICMSA has warned, as it emerged the average dairy farmer is likely to work for less than the average industrial wage this year. Agriculture Co...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password