03 March 2015 | Online since 2003



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



Comments


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

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


21 February 2015
Butcher
Butcher Full / Part Time Required for busy farm shop. Tel: 01425 613141 Please refer to the Job Description to view the requi...

20 February 2015
5 UXO Survey Client Representatives
A global Renewable Energy client is looking for x 5 Survey Client Representatives, the UXO client representatives will superv...

12 February 2015
Field Sales Advisor
Our company facilitates the contract for the largest dairy doorstep delivery company in the UK. Field Sales Advisor (Fully Em...

12 February 2015
Business Administration Apprentice
Little Orchard Farm. To work closely with other team members to ensure that the administration end of the business fully refl...

2 March 2015
Planning Solicitor - Bristol
Environmental issues covered may include areas such as Waste Disposal, Water Resources and Agriculture. Planning / Environmen...




Top stories you may have missed
2 February 2015 | Arable
Is EU membership damaging UK farming?

Is EU membership damaging UK farming?

Membership of the EU is damaging the British farming industry, according to...


29 January 2015 | Machinery and Equipment
Drones 'rapidly changing' agriculture

Drones 'rapidly changing' agriculture

BASIS has launched an accreditation for pilots of Unmanned Aerial Systems (...


23 January 2015 | Arable
UK wheat yields have potential to double

UK wheat yields have potential to double

UK wheat yields have theoretical potential to more than double over the nex...


23 January 2015 | Machinery and Equipment
Crowds flock to LAMMA 2015

Crowds flock to LAMMA 2015

Britain’s farmers flocked to Peterborough for the first day of LAMMA’15 to ...


22 January 2015 | Cattle
Don't blame supermarkets for milk crisis...

Don't blame supermarkets for milk crisis...

The crisis in the dairy industry is not the fault of supermarkets, accordin...


16 January 2015 | CLA
Families affected by HS2 face 'major wor...

Families affected by HS2 face 'major wor...

Transport Minister Baroness Kramer visited three rural businesses in Cheshi...


16 January 2015 | Machinery and Equipment
John Deere unveil new 6R tractor range

John Deere unveil new 6R tractor range

Spearheading the John Deere range of mid-size tractors from Mannheim, the n...


14 January 2015 | Animal Health
Monthly TB checks more effective than ba...

Monthly TB checks more effective than ba...

Regular testing for bovine TB could significantly reduce the number of infe...


12 January 2015 | News
Government regulations hampering UK agri...

Government regulations hampering UK agri...

Single-issue policy-making threatens to hamper, not help, the progress of U...


8 January 2015 | Cattle
2015: The year ahead for the beef market

2015: The year ahead for the beef market

2014 has been a “rocky old year” for the beef industry but better prices ar...