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Anpario takes over Meriden Animal Health to expand in China
Friday 30 March 2012

30 March 2012 - British natural feed additives supplier Anpario plc (LON:ANP) said on Friday it had taken over Meriden Animal Health Limited, a domestic provider of natural animal feed additives to the agriculture and aquaculture sectors with a strong presence in China, in a move to gain more presence in that growing market.

The acquisition adds a strong brand to Anpario's portfolio, boosting its product technology, as well as its share of the global feed additive market, the buyer said in a statement. It also sees the deal to immediately increase its earnings.

Of the total price of GBP4.13m (USD6.6m/EUR5m), Anpario has already paid GBP3m from own cash reserves and will deliver the rest as earn-out over the next two years, it explained.

The buyer said it would support Meriden's partnership with its China business to take advantage of the substantial potential of the Chinese agriculture market.

The Chinese operations generated 26% of Meriden's total sales of GBP5.35m in 2011.

The target's founders Stephen Harris and Pamela McLaren will stay on in their current management roles.
Date Published: 30/03/2012
Target: Meriden Animal Health Limited
Country: UK
Deal Size: 6.6m (USD)
Sector: Agriculture/Forestry
Vendor: Pamela McLaren, Stephen Harris
Buyer: Anpario plc
Deal size is potential.