Deal to Broaden Patterson Animal Health’s Suite of Offerings
ST. PAUL, Minn., November 14, 2022–( COMPANY WIRE)– Patterson Companies, Inc. (Nasdaq: PDCO), today revealed that it has, through a subsidiary, signed a contract to obtain significantly all of the possessions of Dairy Tech, Inc., a Colorado-based business that supplies pasteurizing devices and single-use bags that permit dairy manufacturers to produce, store and feed colostrum for newborn calves, along with item offerings for beef livestock manufacturers. Upon closing, the acquisition will broaden Patterson Animal Health’s value-add platform by including these items and options to their suite of offerings.
Dairy Tech is an independently held business established in 1999. The gotten company will keep its domestic and worldwide industrial existence, improved by Patterson’s substantial sales force and client relationships, with combination of Dairy Tech workers into the Patterson Animal Health group.
According to Kevin Pohlman, president of Patterson Animal Health, “Dairy Tech’s colostrum management offerings, strong brand name credibility and worldwide existence and abilities are extremely appealing to Patterson Animal Health. These characteristics line up well with our vision of being an essential partner for our consumers. This acquisition likewise highlights Patterson’s concentrate on making tactical financial investments to drive rewarding development and produce investor worth.”
Dairy Tech creator and CEO, Dr. Rick Dumm, mentioned, “We are delighted about signing up with the Patterson Animal Health group and continuing to develop on Dairy Tech’s success as part of Patterson. We have actually long appreciated Patterson Animal Health as a leading value-add service provider to the production animal market.”
Steve Cunningham, president of Patterson’s Production Animal department, included that “Dairy Tech’s ingenious calf management program, together with their extremely skilled staff member, will bring substantial worth to our dairy and beef consumers. We invite our brand-new associates to the Patterson group and eagerly anticipate continued success together.”
Regards to the deal are not being divulged. Patterson anticipates to close the deal throughout its 3rd financial quarter of FY2023.
About Patterson Companies Inc
Patterson Companies Inc. (Nasdaq: PDCO) links oral and animal health consumers in The United States and Canada and the U.K. to the most recent items, innovations, services and ingenious company options that make it possible for functional and expert success. Our thorough portfolio, circulation network and supply chain are equated to just by our devoted, experienced individuals who provide unparalleled competence and unequaled customer care and assistance.
Find out more: pattersoncompanies.com
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