Swedencare AB (publ) Acquires Animal Pharmaceuticals Inc.
September 24, 2020
Swedencare AB (publ) acquired the operations of US-based Animal Pharmaceuticals Inc. for an initial purchase price of USD 15 million (approx. 131 million SEK) plus a potential earnout of up to USD 10 million; consideration includes cash and a directed new share issue. The deal (closed via newly established US subsidiary Animal Pharm Care USA, Inc.) adds a portfolio of supplements and topical veterinary products sold to ~8,500 US veterinary clinics and positions founder Jason Braun to lead the business and become a major Swedencare shareholder.
- Buyers
- Swedencare AB (publ), Animal Pharm Care USA, Inc.
- Targets
- Animal Pharmaceuticals Inc.
- Sellers
- Jason Braun (founder and seller)
- Industry
- Veterinary
- Location
- United States
- Transaction Type
- Buyout
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