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Home / Business / Elanco of Hancock County acquires animal health rival

Elanco of Hancock County acquires animal health rival



GREENFIELD – Greenfield-based Elanco Animal Health, with a value of more than $ 7 billion, has not announced plans to acquire one of its main competitors, the animal health business of Bayer AG. Elanco's global headquarters has approximately 800 employees and is located off I-70 near the State Road 9 interchange.

Elanco's news release on Tuesday said the deal strengthens and accelerates Elanco's innovation. Portfolio and Productivity strategy that doubles Elanco's Companion Animal business, drives the company's international portfolio mix transformation, and balances the Food Animal and Companion Animal segments. "

" Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, expands our portfolio with well-known pet brands, increases exposure to key emerging markets, extends innovation and accelerates our margin expansion, "said Jeffrey Simmons Elanco CEO, "The move combines our veteran focus on veterinarians over the years, while meeting pet owners' changing expectations of animal care and access to products."

The deal is subject to government approval.

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