Swedencare's US subsidiary, Animal Pharm Care USA Inc., has today gained access to the business which was acquired by Animal Pharmaceuticals Inc. on September 24th 2020. The company, founded by Jason Braun in 2003, sells a wide range of products to approximately 8 500 veterinary clinics, making it one of the leaders in the veterinary market in the US. The product range, which is developed in house, covers a number of therapy areas of which dermatology and grooming stands for almost 60%. The purchase price amounts to approximately 131 million SEK with a possible additional purchase price of maximum 87 million SEK, dependent on the additional purchase price the cash consideration will consist of approximately 91-178 million SEK and a directed new share issue of 251 994 shares in Swedencare to the seller.
For more information about the acquired business, please see press release from September 24[th] 2020 when the acquisition was made public.
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