Zenex Animal Health has introduced the 100% acquisition of Ayurvet a supplier of pure and ayurvedic and natural medicines, feed dietary supplements and topical therapies for farm and companion animals for an unspecified quantity.
“This strategic transfer will allow Zenex to strengthen its portfolio of choices by including
herbals and furthering the standard of its general animal well being portfolio globally,” the corporate mentioned in an announcement.
Arun Atrey, MD and CEO of Zenex, mentioned, “Zenex is proactively exploring avenues to integrate with complementary businesses and cement its position as a leader and holistic provider of comprehensive solutions to all segments within animal healthcare.”
Renuka Ramnath, Chairperson, Zenex and Founder, MD and CEO, Multiples Alternate Asset Management mentioned, “This acquisition marks an important step to augment our product offering and cement our leadership in India animal healthcare.”
“As a part of Zenex’s long-term worth creation journey, we’ll proceed to hunt attention-grabbing
alternatives to convey corporations with complementary capabilities into our fold, and scale them on the again of Zenex’s entrenched gross sales and distribution community,” she mentioned. Pradip Burman, Founder of Ayurvet, mentioned “We are confident in the management of Zenex, that the vision with which I started Ayurvet, and the legacy built over the past 31 years, will be carried forward.”
Zenex is backed by a consortium of monetary traders led by Multiples PE, together with CPP
Investments, RARE Enterprises, SBI, ADB, IFC, and HNIs.
