Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Swedencare

Swedencare

Send subscription Close

Read in Swedish

Swedencare AB (publ) has completed the US based acquisition which was made public on January 26th, 2022

13:00 / 1 February 2022 Swedencare Press release

Swedencare AB (publ) has today gained access to all the shares related to NaturVet, which was acquired on January 26th, 2022. NaturVet is one of the US' largest and most profitable companies in the premium segment for supplements for the pet healthcare market. The purchase price amounts to USD 447.5 million (approximately SEK 4,148 million) and will be paid through USD 400 million (approximately SEK 3,708 million) in cash and through a new issue-in-kind of 3,854,978 new shares in Swedencare, representing 47.5 million USD (approximately SEK 440 million). A condition-based purchase price (earn-out) of a maximum of approximately USD 27.5 million (SEK 255 million) may be paid in cash if certain conditions are met as of June 30th, 2022.

For more information about the acquired business, please see the separate press release from January 26th, 2022, when the acquisition was made public as well as the company presentation made available on the Swedencare’s website www.swedencare.com.

For more information, please contact:

Håkan Lagerberg, CEO Swedencare
Phone: +46 (0)73 517 01 70
Email: hakan.lagerberg@swedencare.se

Jenny Graflind, CFO Swedencare
Phone: +46 (0)73 944 85 54
Email: jenny.graflind@swedencare.se

Per Malmström, Chairman of the Board
Phone: +46 (0)70 725 28 36

FNCA is the company’s Certified Adviser
Phone: +46 (0) 8 528 00 399
Email: info@fnca.se

Please visit the Company homepage www.swedencare.com

About Swedencare

Swedencare, a listed company on NASDAQ First North Growth Market, is specialized in pet healthcare and produces partly in own factories, markets and sells premium products on the global and fast- growing market. The company has a wide range of strong brands and products within most therapy areas, which includes, to mention some, Animal Pharmaceuticals®, nutravet®, NutriScience, PetMD®, Stratford®, VetWELL® as well as ProDen PlaqueOff® for oral health to dogs and cats. Swedencare’s headquarter is situated in Malmö, Sweden with twelve subsidiaries located in seven countries and the products are sold in approximately fifty markets. Swedencare’s sales have increased significantly over the last few years with strong margins and profits.
 

Attachments

Swedencare AB (publ) has completed the US based acquisition which was made public on January 26th, 2022

Show as PDF

MFN

This information was distributed by MFN https://www.mfn.se/