GWK acquires Midlands animal health care firm

2013-10-01 00:00

MIDLANDS Veterinary Wholesalers (MVW) has been acquired by GWK, the agri business with its head office in the Northern Cape, GWK announced recently.

The Competition Commission’s recent approval of the transaction clears the way for GWK’s entry into the animal health industry, the company said, and makes MVW a full subsidiary of GWK.

The deal comes amid substantial merger and acquisition activity in the agri-business sector recently such as listed agricultural and foods group Afgri agreeing to a R2,4 billion buy-out by private investment company AgriGroupe Holdings.

MVW is a 20-year-old company that provides scheduled and unscheduled pharmaceuticals to the veterinary industry, as well as over-the-counter products to the farming communities that it services.

With its head office in Mooi River in the KwaZulu-Natal Midlands, it has five other branches, in Johannesburg, Bethlehem, Parys, Harrismith and Kokstad.

MVW employs 52 people and this move will see no changes to staffing or to how it operates, said its managing director Ross Malcolm.

“GWK bought this company largely because of its people and our relationships in the veterinary industry,” he said.

“They have been careful to ensure that all staff structures remain the same.

“The acquisition represents significant benefits for our customers too,” he added.

Terence van Dyk, GWK executive manager: KwaZulu-Natal marketing, said: “GWK is proud to announce that MVW, a major player in this market segment, now becomes a part of the GWK group. We believe that the focus and expertise that MVW brings to the table will enable GWK to provide innovative solutions to our customers in this segment of animal health care.”

MVW will continue the good relationships it has enjoyed with veterinarians in the past, said Van Dyk, pointing out that “the veterinary community is of great importance to our business and we will therefore continue to build on the established relations of the past”.

“MVW identified opportunities that we believe are the next stage in the animal health market,” said Malcolm.

He said that there is no doubt that sustainable food production is the future and MVW has coined the phrase “co-operating with vets”, as they believe that “food production and the veterinary industry need to work together closely … However, we needed the right partner.

“GWK is a well-known role player in agri business, and we feel that the synergies will significantly benefit our business, as well as our customers.”

He added: “We believe that MVW, with the support of GWK, will be able to actively participate in this industry and offer new ideas and solutions to our customers.”

MVW will continue to do business under the same brand and leadership.

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