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Mars, Inc. Successfully Completes Acquisition of VCA
9122017
MCLEAN, VA and LOS ANGELES, CA - Mars, Incorporated has successfully completed its acquisition of VCA Inc., in a deal valued at approximately $9.1 billion for $93 per share. This significant transaction marks the beginning of a new era as VCA joins Mars Petcare family under Poul Weihrauch's leadership.
Mars' President of Global Petcare welcomed Bob Antin, co-founder of VCA and its current CEO, to his team along with over 25,000 dedicated VCA staff members. Mars integrate VCA into their pet care portfolio alongside other well-established veterinary service providers including BANFIELD Pet Hospital, BLUEPEARL Specialty and Emergency Hospitals, and PET PARTNERS.
We're excited to welcome the VCA family to Mars Petcare, sd Poul Weihrauch, President of Mars Global Petcare. Together with our extensive resources in pet health services, diagnostics, technology, and a vast network of clinics and hospitals, this acquisition will strengthen our ability to offer comprehensive care for pets.
Financial Teamwork:
The financial advising team consisted of Morgan Stanley Co., BDT Co., Skadden Arps Slate Meagher Flom legal advisor for Mars, Simpson Thacher Bartlett also offering legal advice, and J.P. Morgan Co., which provided debt financing for the acquisition.
Mars, Inc's Vision:
With over a century of history in diverse product manufacturing and services dedicated to pets' wellbeing, Mars is driven by its Five Principles - Quality, Responsibility, Mutuality, Efficiency, and Freedom. The company continues to grow and innovate with a focus on delivering value across all sectors it operates.
For more information about Mars and their vision for the pet care industry, please visit Mars's official websitehttps:www.mars.com. Stay connected via social media platforms such as Facebook, Twitter, LinkedIn, Instagram, and YouTube.
Contact Information:
Mars, Incorporated: To learn more or to request interviews, contact Blake Sonnenshein from Brunswick Group at 212 333-3810.
VCA Inc.: For any inquiries about VCA operations, finance, or partnerships, reach out to Tomas W. Fuller, the company's CFO, at 310 571-6505.
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Mars Successfully Acquires VCA $1 Billion Deal Valued Poul Weihrauch Leadership Transition Integrated Pet Care Portfolio Expansion VCA Staff Members Joined Mars Comprehensive Pet Health Services Strengthened