News from Brakke Consulting

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Brakke Consulting’s
Animal Health News & Notes for December 30, 2022
Copyright © Brakke Consulting.
Editor: Lynn Fondon DVM MBA
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ANIMAL HEALTH NEWS & NOTES CELEBRATES
23 YEARS OF INDUSTRY NEWS

For many of our readers, 2022 is a year you will be happy to see in the rearview mirror. We are an optimistic bunch and maybe 2023 will be better – maybe we will have a soft landing and we will avoid a recession. Regardless, the animal health industry is a resilient one, and so are the people in it.

If you did want to look in the rearview mirror, this last edition of News & Notes summarizes the things that happened in 2022 that we covered each week throughout the year. From acquisitions, mergers, company news, launches, approvals and deals, you’ll be reminded of what happened. You can find all the newsletters in our searchable archive if you’d like more detail on a noteworthy item.

Now, some noteworthy recognition. Dr. Lynn Fondon has been the editor of the News & Notes for 23 years and brilliantly curates the news items for our readers every week. And Amanda McDavid pulls it all together and gets it out to you every Friday. Thanks to both of you for publishing a terrific newsletter.

And some more thanks are due. First, thanks to all our clients and customers and we hope that we have made your business better, more profitable, and more competitive. Second, thanks to all the Brakke Consultants for another great year. It is a pleasure to work with a team of industry professionals with the depth and breadth of experience and knowledge they have.

Finally, thanks to you, our News & Notes readers and we hope our weekly newsletter has helped you do what you do better. So, look away from the rearview mirror, look down the hood at the horizon, put your foot on the accelerator and have a great drive into 2023.

Bob Jones
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BRAKKE CONSULTING
Announcing the 2023 Brakke Industry Overview

Presented at VMX: Monday, January 16^th, 2-4 pm, Hyatt Regency, Orlando N
Presented at WVC: Monday, February 20^th, 2-4 pm, Four Seasons Hotel, Acacia 1

Come join us at Brakke Consulting’s annual Industry Overview presented at VMX and WVC next year. Key topics and presenters include:

Industry and top global company performance, presented by Bob Jones
Continuing consolidation of and labor shortages in vet practices, including their response to inflation, presented by John Volk
A closer look at pet pharmacy consumerization and how we can all thrive in this new era, presented by Candise Goodwin
Trends, challenges, and opportunities facing animal health companies in finding talent in today’s business environment, presented by Jeff Santosuosso

Also, moderated by Paul Casady, a panel of industry leaders will discuss their views on the subject of “Managing Animal Health Companies in Times of Uncertainty”. Confirmed speakers are VMX are:

Kurt Green, President and CEO, Vetsource
Kevin Pohlman, COO (formerly President of Animal Health), Patterson Companies

To learn more about and sign up for the Industry Overview, click here. You can also email Amanda McDavid or call us at 336-396-3916.

www.BrakkeConsulting.com

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ACQUISITIONS, MERGERS, NEW COMPANIES:

January

Altasciences acquires Sinclair Research
Beijing Dabeinong Technology Group acquires a minority stake in Hunan Jiuding Technology
Bessemer Investors makes significant investment in Pet Flavors LLC
DW Healthcare Partners invests in Vets Plus Inc. and Noble Pharma LLC
Equine Network acquires The Horse
Fulcrum Equity Partners makes an investment in My Pet’s Vet Group
L Catterton acquires a significant stake in Alliance Animal Health
Manna Pro (now Compana Pet Brands) acquires Oxbow Animal Health
Mars acquires Nom
Percheron Capital acquires majority stake in Animal Dermatology Group
SeQuent Scientific, through its operating company Alivira Animal Health, acquires remaining stake in Brazilian Evance Group
SportPet acquires Mission Pets
Swedencare acquires Italian Innovet
Swedencare acquires NaturVet
United Raw Pet Foods acquires Canadian firm Pets West Pets & Supplies
Vimian Group acquires IMEX
Worldwise, an A&M Capital Partners portfolio company, acquires Furhaven Pet Products
Worldwise, an A&M Capital Partners portfolio company, acquires Kitty Sift
Ynsect launches Ynfabre genomic selection for mass insect farming

February

AlphaPet acquires UK-based Arden Grange
Assisi Pet Care acquires Polish Maced
Dane Creek Capital acquires Wodema
Elanco invests in Athian
Emergent Health acquires PharmaZu Corp.
Fast Genetics acquires Acuity
Petz acquires Petix and its US division WizSmart by Petix
Phelps Pet Products acquires pet treat production equipment from Simmons Pet Food
Vimian Group acquires New Zealand-based Kahuvet Group
Vimian Group’s Nextmune acquires Danish Vet-Allergy
Vimian Group’s Nextmune acquires UK-based Bova Holdings
Voff Premium Pet Food acquires Finnish Aristo Oy
Wag Labs and CHW sign a definitive business combination agreement

March

AmeriVet Veterinary Partners is acquired by AEA Investors and a subsidiary of Abu Dhabi Investment Authority
Boehringer Ingelheim invests in TeleVet
Companion Animal Health invests in HT BioImaging
Dot Family Holdings invests in Pet Food Experts
Grey Wolf Animal Health merges with Magen Ventures
Hollywood Feed acquires PetPeople Holdings
L Catterton invests in Chinese Enova
Pet Supplies Plus acquires Wag N Wash
Pet Valu acquires Canadian Chico
Petco acquires remaining 50% stake in Thrive Pet Healthcare
Petlove&Co acquires Brazilian Nofaro
PIC acquires Olymel LP’s intellectual property in porcine genetics
Vimian Group acquires UK-based Avacta Group’s animal health division

April

Ceva forms joint venture Ceva Bussan Animal health with Mitsui & Co in Japan
Domes Pharma acquires French Pronozia Sante Animale
Elanco and Gingko Bioworks launch BiomEdit, a microbiome innovation company
Main Street Capital makes minority investment in Jorgensen Labs
Nuzoa acquires Spanish Dogerty
Real Pet Food Company makes investment in Australian People for Pets
Vimian acquires Vertical Vet
Vimian Group’s Morova segment acquires Everost and Spectrum brands of surgical instruments and implants
Whitebridge Pet Brands merges with Agras Pet Foods
Worldwise, an A&M Capital Partners portfolio company, acquires Pet Factory

May

Ceva acquires Canadian Artemis Technologies
Fuzzy acquires Dandy
Glanbia Nutritionals acquires Sterling Technology and PacMoore Processing Technologies
Marel acquires Wenger
Meiji Seika Pharma and KM Biologics merge their animal health divisions to form Meiji Animal Health Company
Petronas Chemicals Group acquires Swedish Perstorp Group
Tuffy’s Treat Company acquires Finley’s Bakery

June

Antelope acquires Diggin’ Your Dog and Super Snouts
Cargill acquires Delacon
Garnett Station Partners acquires Woof Gang Bakery & Grooming
JAB acquires Fairfax Financial Holding’s stake in Crum & Forster Pet Insurance Group and PetHealth
Orion Corp acquires Inovet BV’s subsidiary V.M.D. NV
Petsmart launches Petsmart Veterinary Services
Rainier Partners invests in Pet Food Express
Royal DSM acquires Brazilian Prodap
Royal DSM merges with Swiss Firmenich
Zoetis acquires Basepaws
Zomedica acquires Revo Squared

July

Argenta acquires EU-based Pen & Tec Consulting
Axcel acquires Sweden-based Voff
Boss Pet Products acquires Bardel Bows
Dechra acquires Piedmont Animal Health
Dechra acquires Zimeta (dipyrone injection) from Elanco
FibreCycle, a subsidiary of Kent Pet Group, acquires Australia-based Our Bird and Lovitts
Heartland Veterinary Partners acquires Family Vet Group
JAB acquires German pet insurance company AGILA
JAB Holding’s Pinnacle Pet Group acquires Netherlands-based Veterfina
Neogen acquires Thailand-based Thai-Neo Biotech
Rarebreed Veterinary Partners acquires Vet’s Best Friend
Wilbur-Ellis acquires F.L. Emmert
Zomedica acquires Assisi Animal Health

August

Bimeda acquires South Africa-based Afrivet
URUS acquires Trans Ova Genetics from Precigen
Vimian Group acquires Germany-based Heiland
Vimian Group acquires New Generation Devices
Zomedica acquires Revo Squared

September

Antelope acquires Ark Naturals
Balchem acquires Bergstrom Nutrition
Dechra acquires Med-Pharmex from DW Healthcare Partners
Dentalis Animal Health is formed
Eville & Jones acquires UK-based Vorenta Group
Heska acquires Lightdeck Diagnostics
Merck acquires Vence
MWI acquires Sweden-based Swevet
StadiumSpot acquires Moonshine and Starfish Vision
Trupanion acquires EU-based Smart Paws
Vaxxinova acquires Epitopix
Vetcor acquires People Pets & Vets
Voff acquires Scotland-based Nova
Ziwi acquires New Zealand-based Freeze Dried Foods and Kiwigarden
Zoetis acquires Scotland-based NewMetrica

October

Argenta acquires Spain-based Ondax Scientific
Benford Capital Partners acquires Animix from TKO Miller
Biogenesis Bago acquires Argentina-based Laboratorio Mayors
BrightPet acquires Bravo! Pet Foods
Clayton, Dubulier & Rice acquires Covetrus
Ag acquires Ireland-based Cainthus
Insud Pharma acquires Algenex from Cleon Capital and Columbus Venture Partners
Real Brands acquires Boulder Botanical & Bioscience Labs
United Petfood acquires UK-based Gold Line Feeds
Wilbur-Ellis and Advent International merge their life sciences & specialty chemicals businesses
Zoetis completes its acquisition of Jurox

November

AmeriVet Veterinary Partners acquires Northeast Veterinary Partners
Biogénesis Bagó acquires HIPRA’s line of hormone products
Encompass Pet Group acquires Wildpet
Fatro acquires Italy-based Quadrel
ManyPets acquires Digital Edge Insurance Company
Mars acquires Champion Petfoods from Bedford Capital
Multipet acquires Fuzzu
Neftys Pharma acquires Portugal-based Bio2
Nutreco acquires Denmark-based Mosegarden
Patterson acquires Dairy Tech
Patterson acquires RSVP and ACT
SeQuent Scientific acquires India-based Tineta
Swedencare acquires UK-based Custom Vet Products
Tenacious Labs acquires Rover’s Wellness
Trupanion acquires Royal Blue s.r.o., parent of PetExpert
Wickliffe Veterinary Pharmacy and Precision Pharmacy merge

December

Adisseo acquires Nor-Feed
ALTIUS acquires majority stake in Romanian PetMart
JBS USA acquires assets from TriOak Foods
Lintbells acquires Walkin’ Pets
Mainsail Partners invests in Instinct Science
Novozymes and Chr. Hansen agree to a statutory merger
PIC invests in SwineTech

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PRODUCT LAUNCHES, APPROVALS, LICENSING DEALS: