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Animal Health News & Notes for July 3, 2008 7/3/2008

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Brakke Consulting's
Animal Health News & Notes for July 3, 2008
Copyright © Brakke Consulting, Inc.
 
Editor: Lynn Fondon, DVM, MBA
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JUMP TO:
 
other news
Digital Angel
DuPont Animal Health Solutions
Evialis
Fort Dodge
Golden Acres Pet Food Partners
Hill's
InVivo
Merial (Igenity)
Merial (AVMA)
Meridian
Neogen
Salton
Spectrum Brands
University Health Industries
Vetcom 1979
Vetoquinol
Vita Flex
 
 
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Are you interested in growing your business by purchasing another company, product line or technology?  Have you been thinking about selling your company, product line or technology? Have you considered merging your company with another firm to improve shareholder value?
 
Brakke Consulting, Inc. has assisted many clients with mergers, acquisitions and divestitures over our 22-year history.  Contact information for all offices are available on our website at www.brakkeconsulting.com.
 
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COMPANY NEWS RELEASES
 
> Merial announced that multiple-marker analyses of traits related to feed efficiency are now part of the comprehensive IGENITY profile. The IGENITY profile now analyzes genetic potential for residual feed intake (RFI) and dry matter intake (DMI), and reports each trait individually. (company press release) 
 
> The American Veterinary Medical Association announced that Fort Dodge Animal Health, Hill's Pet Nutrition, and Merial have together pledged a total of $4.5 million in support of AVMA programs and services over the next four years. The commitments are part of the Association's new Platinum Partner Program, or P3, to be unveiled during the 145th AVMA Annual Convention in New Orleans. Each P3 participant has made a $380,000 annual commitment to the AVMA for four years for a total of $1.5 million. In return, each company receives a broad range of benefits from the Association. (AVMA website)
 
> Neogen Corporation announced that it has acquired a product line used in animal health and hygiene applications from DuPont Animal Health Solutions (DAHS).  The asset purchase includes 14 different product formulations, along with manufacturing process know-how and associated registration information. Neogen expects revenues from the acquired products and distribution of other DAHS products to exceed $7 million in its current fiscal year, which began on June 1. The purchase price and terms were not disclosed. (company press release)
 
>  InVivo and Evialis announced plans to merge their feed, premix and animal health activities. According to the companies, the resulting business would be one of the largest in the animal health and nutrition market, with a turnover of EUR 1.5 billion ($2.4 billion). The new group would generate around 40% of its revenues outside France. (Animal Pharm)
 
> Spectrum Brands, Inc. announced that it has not been successful in its attempt to secure the consent of its senior lenders necessary to complete the previously announced sale of its global pet supply business to Salton, Inc.; receipt of consent from its senior lenders is a condition to the completion of the sale. The definitive purchase agreement continues in full force and effect, and the Company intends to comply with its obligations thereunder in order to satisfy the conditions necessary to consummate the sale of its global pet supply business. (Business Wire)
 
> Meridian Animal Health introduced Ectomethrin H2O, a horse spray that protects against horse, house, stable, face, horn and deer flies, gnats and mosquitoes. Available exclusively through veterinarians, Ectomethrin H2O contains the chemical cypermethrin and features a unique water-based formula. (Business Wire) 
 
> Vita Flex Nutrition introduced Equinyl equine supplement to help manage the inflammation associated with training and competition without gastrointestinal side effects. Vita Flex offers Equinyl in four new formulas; Equinyl Combo, Equinyl Combo with Hyaluronic Acid, Equinyl Glucosamine and Equinyl Glucosamine with Hyaluronic Acid.  Equinyl Combo contains a patented ingredient, ComfortX, also known as MicroLactin.  It also has a new, patent pending two-phase glucosamine release system along with MSM, Ester-C and Chondroitin Sulfate.  (company press release)
 
> Digital Angel announced that it has approved a restructuring program primarily focused on its Animal Identification business. The program will feature further headcount reduction, outsourcing some manufacturing to lower cost suppliers, exiting some costly facilities, and moving some operations to lower cost countries. This restructuring program is expected to be substantially implemented by the end of 2008. In addition, Digital Angel's corporate office will be relocated from Delray Beach, FL, to lower-cost office space in the Northeast, and will also undergo headcount reduction. (company website) 
 
>  Nutraceutical company University Health Industries (UHI) announced plans to launch a pet health care division. The new division will initially promote a reformulated canine version of UHI's Arthroleve human joint health and arthritis product. (Animal Pharm)
 
> CANADA   VĂ©toquinol announced the acquisition of the animal health business assets of Canadian company Vetcom 1979 Inc. The animal health business of Vetcom 1979 includes annual revenue of around C$1.5 million (US$1.5 million). The assets transferred in the deal include a portfolio of ophthalmic products and nonsterile products.  Financial terms were not disclosed. (company website) 
 
> UK  Golden Acres Pet Food Partners announced it is producing carbohydrate-free extruded dry pet food.  The new food features 80% chicken, 50% protein (from a single source), and no cereal or carbohydrates.  The food will be featured in several European pet food lines, and the company is negotiating with at least one US manufacturer to make the food available in the US. (Veterinary Practice News)
 
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ANIMAL HEALTH NEWS
 
> US - CATTLE IMPORTS    R-CALF announced that it has filed an additional legal challenge to the USDA rule allowing Canadian cattle older than 30 months (OTM) to be imported into the US. Ten other plaintiffs joined R-CALF in asking the District Court of South Dakota to consider the latest case of BSE in a five-year-old cow from British Columbia when ruling on an injunction to block USDA's rule. (Feedstuffs)
 
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BRAKKE CONSULTING VIEWPOINT
 
The second quarter of 2008 is now history, and economic conditions in the various segments of animal health are cloudy for the balance of the year.
 
Hopefully all of you in the US will have a restful and safe Fourth of July holiday weekend. Enjoy the extra time with your family and friends!
  
Ron Brakke
 
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