Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Simcro Limited acquires ISL Animal Health & NJ Phillips PTY

Simcro Limited acquires ISL Animal Health and NJ Phillips PTY

Hamilton, New Zealand – Simcro Limited, a leader in the global animal pharmaceutical delivery device industry, has acquired ISL Animal Health (Hamilton, NZ) and NJ Phillips PTY (Gosford, NSW, Australia) from Forlong & Maisey and the Maisey family of Hamilton, New Zealand.

The agreement is effective from 1 September 2015.

Simcro Executive Chairman, Will Rouse, said, “After the Riverside Company became our majority shareholder in 2013, we began looking for opportunities to exponentially grow Simcro’s international market strength. We’ve been in discussions with ISL Animal Health and NJ Phillips for quite some time.

“Internationally, animal health companies are amalgamating at a rapid pace. These industry changes are creating opportunities for companies like ours. These opportunities, however, create the requirement to meet ever-increasing quality and compliance thresholds for our global customers.

“Combining our three businesses makes sense: we create a larger, more capable and financially stronger organisation that can more easily carve out a leadership position in this competitive global marketplace.”

All three companies are exporters and have strengths in developing and manufacturing devices and packaging solutions for the delivery of animal health pharmaceuticals and vaccines to global markets.

“Around the world, Simcro has a strong reputation as an industry innovator and, as a result of these acquisitions, we intend to do even more in this space. We have plans to invest in new technologies and solutions for the ultimate benefit of our global customers,” Mr Rouse also said.

Mr Rouse said the company intends to use its newly created critical mass to increase its geographical footprint in key markets - primarily Latin America, Asia, North America and Europe.

“Long-term our primary goal is growth: growing opportunities for staff, growing innovation, growing exports and growing international market share. Our next step is working together as a new team to execute a strategy to achieve these aggressive growth targets,” he explained.

Simcro will move its Hamilton operations across the city to a new building on ISL Animal Health’s current site. NJ Phillips’ office in Gosford, NSW, will remain in its current location.

Mr Rouse confirmed daily operations at the three companies will remain largely unchanged.

“Other than a move of our Simcro staff to Instrument Supplies’ offices across Hamilton, staff at the three companies will see little change to daily operations.”

The companies chose not to disclose financial details of the acquisitions.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: