Lextron, Inc. and Animal Health International, Inc. (AHII), which also did business under the name “Walco,” 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, Colorado, 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. PD
—From Animal Health International, Inc. news release