Merck Animal Health to acquire Elanco's aqua business for ~$1.3B

February 6, 2024

Merck Animal Health has agreed to buy Elanco Animal Health's aqua business for approximately US$1.3 billion in cash. The divestiture — which includes marketed brands, R&D projects, manufacturing sites in Prince Edward Island (Canada) and Dong Nai (Vietnam), and roughly 280 commercial and manufacturing employees — will allow Elanco to focus on higher-growth pet and livestock markets and use proceeds to pay down debt.

Buyers
Merck Animal Health
Targets
Elanco aqua business
Sellers
Elanco Animal Health Inc.
Industry
Veterinary
Location
Indiana, United States
Transaction Type
Divestiture

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