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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