AmerisourceBergen to Buy Boise’s MWI Veterinary Supply for $2.5 Billion
AmerisourceBergen Corp. agreed to buy MWI Veterinary Supply, Inc. for $2.5 billion as the drug wholesaler expands into the growing area of animal health. MWI sells more than 50,000 products, including pharmaceuticals, vaccines, veterinary pet food and equipment, among other things. “Animal health is a growing market in the U.S. and internationally, and is a logical extension of our pharmaceutical distribution and services businesses,” said AmerisourceBergen Chief Executive Steven H. Collis.
Veterinarian Millard Wallace Ickes founded the Boise-based MWI in 1976 and it grew into one of Idaho's larger employers.
The Wall Street Journal features the story here: http://www.wsj.com/articles/amerisourcebergen-to-buy-mwi-veterinary-for-2-5-billion-1421067485
The Idaho Statesman shares:
MWI Veterinary Supply has grown rapidly in recent years, mainly through acquiring other businesses in the animal health industry. MWI currently has 282 employees in Idaho, including 231 in its Boise office.
MWI is the latest Boise public company to sell to an out-of-state firm. In the past 20 years, Boise companies sold to out-of-state firms include Trust-Joist, Morrison-Knudsen and Albertsons Inc.
James Cleary, the CEO of MWI, will stay with the business, leading the new "animal health division" of AmerisourceBergen out of the Boise corporate office...
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