Animal Health Distribution Firm Patterson Companies Acquires U.K., U.S Animal Health Businesses
Patterson Companies, a leading distribution company in the dental and animal health industries, has announced that it has signed two separate acquisition agreements for its animal health business - Infusion Concepts in the United Kingdom and Mountain Vet Supply in the United States.
Patterson's U.K. animal health business, National Veterinary Services Limited (NVS), is set to acquire Infusion Concepts Ltd., a market leader in the design and supply of infusion, drainage and critical care products that benefit the veterinary profession and their animal patients. This strategic purchase underscores Patterson's commitment to expanding its portfolio with high-quality products for its veterinary partners.
"We are excited to add the entire Infusion Concepts product line to our portfolio. Their expertise in designing infusion pumps specifically for animals, coupled with their high-quality standards, aligns with our mission of delivering excellence in animal health care for veterinarians," said George Henriques, president of Patterson Companion Animal. "This acquisition aligns with our strategy of investing in our business and the animal health industry."
Patterson's production animal business, Animal Health International Inc., will acquire a majority of the operating assets related to Mountain Vet Supply, a regional distributor with a retail location headquartered in Fort Collins, Colorado. Upon closing, the acquisition is expected to grow Patterson Animal Health's presence in the production and companion animal market, drive increased operating leverage, create synergies with strategic vendors, and allow Animal Health International Inc. to provide exceptional customer service to Mountain Vet Supply's customers.
"Mountain Vet Supply has been a cornerstone in Fort Collins for nearly 40 years, supplying ranchers and producers through their retail store and customer delivery structure," said Steve Cunningham, president of Patterson Production Animal. "We look forward to serving their customer base in the Colorado, Nebraska, Wyoming and Montana markets. We welcome our new colleagues to the Animal Health International Inc. team and look forward to continued success together."
Terms of the transaction are not being disclosed. Patterson expects to close the transactions during its second fiscal quarter of FY2025.
Source: Patterson Companies news release