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news.MWI Veterinary Supply (MWI) has entered into an agreement to acquire Micro Beef Technologies (Micro) for $60m including $53.4m in cash and common stock valued at $6.6m.
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MWI distributes animal health products including feed additives, pharmaceuticals, vaccines, parasiticides, diagnostics, capital equipment, supplies, veterinary pet food and nutritional products. to veterinarians across the US and UK.
Micro also develops proprietary, computerized management systems for the production animal market.
Micro Beef Technologies president Mark Shaw said the synergies of the two companies will present exciting potential in a total solution to the production animal market by combining the technology-based programs and services from Micro with the animal health distribution business of MWI.