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Drugs & Pharmaceuticals M&A image Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Fri., Dec. 3, 6:12 PM Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.

Slide #78. MWI Veterinary Supply, Inc. Assets of IVESCO Holdings LLC

Acquirer: MWI Veterinary Supply, Inc. (MWIV)
Acquiree: Assets of IVESCO Holdings LLC
Details: MWI Veterinary Supply, Inc. ("MWI" or "the Company") (NASDAQ: MWIV) announced today that it has entered into a definitive agreement to acquire substantially all of the assets of IVESCO Holdings LLC ("IVESCO") for an enterprise value of $67.5 million. The transaction is subject to regulatory approval and certain other customary closing conditions and is expected to close in MWI's first fiscal quarter of 2014, which ends December 31, 2013. MWI expects the annual revenues from IVESCO to be approximately $400 million during the first 12 months of ownership. The transaction is expected to be slightly accretive to MWI in the fiscal year ending September 30, 2014 after giving effect to acquisition-related expenses and integration costs.

MWI Veterinary Supply is a distributor of animal health products in the U.S. and in the U.K. Products that Co. sells include pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, supplies, specialty products, veterinary pet food, capital equipment and nutritional products. Co. markets these products to customers in both the companion animal and production animal markets. In addition, Co. provides its customers with a variety of services, including its e-commerce platform, technology management systems, pharmacy fulfillment, inventory management system, equipment procurement consultation, special order fulfillment, educational seminars and pet cremation.

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Company Name: 
MWI Veterinary Supply Inc
Website: 
www.mwivet.com
Sector: 
Drugs & Pharmaceuticals
 

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Hold (2.00 out of 4)
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