Virbac: now owns 100% of India's Globion
(CercleFinance.com) - On 21 June, the animal health group Virbac announced that it had bought out Globion's minority shareholders, thereby increasing its stake to 100%.
This transaction follows the acquisition of a 74% majority stake on 1 November 2023.
Founded in 2005 as a joint venture between Suguna Group (an Indian poultry conglomerate) and Lohmann Animal Health (a German poultry vaccine specialist), Globion has developed solid know-how and expertise in the development, manufacture and marketing of live and inactivated vaccines targeting a wide range of avian pathogens.
Globion is based in Hyderabad, where its industrial and R&D facilities employ around 120 full-time staff, and generated sales of around E12m in 2023.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This transaction follows the acquisition of a 74% majority stake on 1 November 2023.
Founded in 2005 as a joint venture between Suguna Group (an Indian poultry conglomerate) and Lohmann Animal Health (a German poultry vaccine specialist), Globion has developed solid know-how and expertise in the development, manufacture and marketing of live and inactivated vaccines targeting a wide range of avian pathogens.
Globion is based in Hyderabad, where its industrial and R&D facilities employ around 120 full-time staff, and generated sales of around E12m in 2023.
Copyright (c) 2024 CercleFinance.com. All rights reserved.