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Ceva Sante Animale Acquires Delvet Pty Ltd

by 5m Editor
5 September 2008, at 1:14pm

AUSTRALIA - Ceva Sante Animale, the world’s 10th largest veterinary pharmaceutical company continued its aggressive international expansion plans with the acquisition of Delvet, based in Sydney Australia.

Delvet was a small, privately owned business specialising in the very significant companion animal sector of the Australian veterinary market and regional export markets.

The company has established an excellent relationship during its 12 years of existence with both veterinarians and the wholesalers who supply them, gaining widespread support for their balanced mix of Delvet-manufactured products and agency lines.

Delvet’s two executive shareholders, Jim and Sue Adams will continue to manage the business and remain as minority partners.

Commenting on the takeover, Managing Director Jim Adams said, “We are delighted to have concluded this deal with Ceva, both companies have similar values and the relationship will allow us both to move much faster with the exciting development plans we have for the Australian market”

For Ceva this move marks its entry into the significant Pacific Rim market, one of the few remaining parts of the world where the company was not directly represented.

Executive Vice-President, Marc Prikazsky said, “Our entry into Australia and in particular the companion animal sector is further evidence of our plans to be directly present in all key companion animal markets. We are very proud of the fact that Ceva is now a truly international company with subsidiaries in 40 countries, a figure much greater than some of our larger competitors. Jim and Sue Adams are experienced and well respected individuals and we very much look forward to working with them to expand our mutual business.”