12 August 1999
Akzo buys vet outlet from Hoechst
AKZO NOBEL is paying 665 million (£440m) for Hoechst Roussel Vet, the veterinary business of German chemicals group Hoechst.
Akzo plans to merge the Hoechst business, specialising in vaccines and specialist livestock feeds, with Intervet, its own animal healthcare operation, to produce a company with annual sales of 800m (£530m).
The deal will make it the worlds fourth largest participant in the animal healthcare market.
- Hoechst may sell veterinary unit, FWi, 07 June, 1999
- The Times 12/08/99 page 30 (Business Roundup)
- Financial Times 12/08/99 page 22