Henry Schein To Acquire Poland-Based Vet Products Distributor
Medivet serves 2,200 customers across Poland. Henry Schein is the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners.
Veterinary products distributor Henry Schein Inc. continued its expansion into Europe today by moving to take majority control of the Polish company Medivet S.A.
Henry Schein, headquartered in Melville, N.Y., will acquire 80 percent of Medivet in a transaction expected to close in the first quarter of 2014. Financial terms were not released.
Medivet distributes animal health products to 2,200 customers across Poland and employs 250 people. Founder Piotr Trojanek and the chairman of the company’s management board, Karolina Brodziak, will retain a 20 percent share.
Henry Schein’s global animal health division brought in 26 percent of the parent company’s $8.9 billion in 2012 sales in the veterinary, dental and human medicine markets. Henry Schein Animal Health’s European operations serve veterinary customers in Austria, Belgium, the Czech Republic, France, Germany, Ireland, the Netherlands, Portugal, Spain, Switzerland and the United Kingdom.
"With this expanded geographic reach, we anticipate providing additional value to our supplier partners while ensuring Medivet’s customers have access to the widest array of supplies and value-added products for operating efficient and profitable businesses while delivering high-quality care,” said Stanley M. Bergman, chairman and CEO of Henry Schein.
Medivet, launched in 1992 and based in the central Poland town of Srem, sold $80 million worth of products and services in 2012.
"We look forward to drawing on [Henry Schein’s] impressive global resources to build on the firm foundation that Medivet has built here in Poland,” Trojanek said.