03 July 2015 | Online since 2003

Henry Schein signs agreement to acquire C M Vetlink



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


Start Date: 2 July 2015
G214: Livestock Sales Specialist - Midlands

A fascinating career vacancy has arisen for an experienced Livestock Sales Specialist to enhance the Midlands team and grow a...


Start Date: 23 June 2015
Harvest and Autumn / general farm worker, who is a skilled tractor driver.>>> Mendlesham  ,Nr Stowmarket , Suffolk

Family farm requires a tractor driver /general farm worker who is competent in all tractor manoeuvres .  

Some of th...


Start Date: 2 July 2015
A422: Experienced Food Assessor - SAI Global - Home-based in Ireland

SAI Global provides organizations around the world with information services and solutions for managing risk, achieving compl...


Start Date: 2 July 2015
A393: PR and Marketing Opportunity - Senior - West Midlands

Pinstone Communications is a leading full service agricultural PR and marketing consultancy working specifically with its ver...


Start Date: 30 June 2015
Forklift driver / General farm worker Job for immediate start

Agricola Growers Ltd farm 3000 acres on the Devon/ Cornwall border not far from Plymouth. The business grows a range of crops...





Top stories you may have missed
5 June 2015 | Cattle

A strong pound and increased red meat imports coupled with a plentiful dome...


5 June 2015 | Arable

Depression is affecting Wales' farming industry and there is a need to use ...


5 June 2015 | Arable

With just one week to go before the final judging and announcement of the w...


5 June 2015 | Finance

A rural law expert has highlighted the importance of good succession planni...


5 June 2015 | Farmshops

A south Yorkshire dairy farming family is pulling out all the stops to prom...


4 June 2015 | Finance

Predicting what is going to happen to wheat prices is a challenge, but in s...


4 June 2015 | Agri Safety

A Lancashire based livestock theft prevention scheme is aiming to go nation...


4 June 2015 | News

A female farmer has been recognised by the farming and conservation industr...


4 June 2015 | Finance

The new Conservative government appears to be preparing to implement cuts f...


4 June 2015 | Arable

The Rural Payments Agency (RPA) will have mobile support units at the follo...