16/01/08
The New Year has brought a host of fresh opportunities for Masham,
North Yorkshire-based firm, Ritchey, with the acquisition of veterinary
pharmaceutical business, Animalcare, formerly owned by animal genetics
company, Genus.
Animalcare MD, Stephen Wildridge and Animalcare Group chief executive,
Simon Riddell.
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From 8am on January 16, 2008, Animalcare Group plc will be the
new name for the combined operations of Ritchey, Travik, Fearing
and Animalcare, which was purchased for up to £14m by Ritchey
last November. Although the Ritchey name will no longer feature
in the company title, the brand name will be retained for marketing
purposes. Finance to support the acquisition was provided by the
Barclays Leveraged Finance Team in Yorkshire.
Animalcare Group chief executive, Simon Riddell commented that
the move represented a big step forward for both Ritchey and Animalcare.
“We are all delighted, as well as excited by the prospect
of the new challenges ahead,” said Mr Riddell. “Animalcare
Group’s admission to the AIM exchange will offer fresh opportunities,
and we are very pleased that major investors have chosen to back
our organisation.”
“Animalcare commands a strong position in the companion
animal market and has excellent growth potential. We look forward
to working with the Animalcare team in the future.”
Mr Riddell added that the newly formed Animalcare Group had ambitious
plans for increasing sales through its established customer base
and distribution network. It would also broaden its product range,
enter new markets and look for additional acquisitions, he said.
Further Clarification of New Rules on Sheep Double-Tagging
Ritchey Advises Producers on New Rules for Double-Tagging
Hampshire
Down Produces Added Value Finished Lamb
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