Veterinary Acquisitions in Indiana
Showing 1 transactions.
-
February 6, 2024
- Buyer
- Merck Animal Health
- Target
- Elanco aqua business
- Seller
- Elanco Animal Health Inc.
- Industry
- Veterinary
- Location
- Indiana, United States
- Type
- Divestiture
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.
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