Zoetis to buy aquaculture company Pharmaq for $765 millionStaff writer ▼ | November 3, 2015
Animal health company Zoetis agreed to buy Pharmaq, a pharmaceutical company catering to the aquaculture industry, for $765 million.
Acquisition Pharmaq saw revenue of about $80 million
Zoetis is purchasing Pharmaq from a company owned by the global investment firm Permira and expects to close the deal this month.
Zoetis said it expected the transaction to be neutral in 2016 and add to adjusted earnings thereafter. ■