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Huvepharma acquires the US company AgriLabs

Huvepharma has acquired the US-based animal health and nutrition company AgriLabs. “This acquisition furthers Huvepharma’s strategy in creating a balanced portfolio of products and enhancing our presence in the global market. It also enables more rapid commercialization of biological products through Benchmark Biolabs, a subsidiary of AgriLabs and part of the acquisition of companies,” the president of Huvepharma USA, Glen Wilkinson, said. The acquisition price was not disclosed. AgriLabs is a leader in biological innovation for animal health in the United States. Huvepharma is a global pharmaceutical company with a focus on developing, manufacturing and marketing of human and animal health products. It is a privately-owned company, headquartered in Sofia, Bulgaria with 2016 revenue of BGN 757m and net profit of BGN 124m.

Source: AgriLabs; Huvepharma; FFBH

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