Greeley, Colo. – June 13, 2011 – Lextron, Inc. and Animal Health International, Inc. (AHII) (Nasdaq: AHII), which also did business under the name “Walco,” today announced the close of their transaction and completion of the merger. Lextron has acquired all of the outstanding common shares of AHII for $4.25 per share, or approximately $111 million, plus the repayment of AHII's outstanding indebtedness, for a total purchase price of approximately $251 million.
Effective June 10, the privately held company will operate under the name “Animal Health International, Inc.” as a premier provider of products and services to the food animal and companion animal markets. Animal Health International will be headquartered in Greeley, Colo., and will be run by an integrated management team led by John Adent, as president and CEO.
The combination of these two long-standing companies creates a premier animal health business with more than 100 years of combined knowledge and industry expertise. A commitment to driving business-building technology systems forward will be a primary focus to the organization.
“Animal Health International is a strong and stable company dedicated to improving the way business is done in the animal health industry,” said John Adent, President and CEO. “Maintaining consistent and exceptional service to our customers will always remain a top priority, but we will also emphasize innovation and the incorporation of new technologies and value-added services into our portfolio of customer offerings.”
About Animal Health International, Inc.
Animal Health International is a premier leader in animal health distribution for the livestock industry, formed in 2011 from two leading animal health companies each established more than 40 years ago. For more information, visit http://ahii.com/.