SOURCE: Strempel & Partners Srl

December 01, 2008 18:27 ET

Strempel & Partners Advises Vétoquinol in Acquiring Ascor Chimici Srl

Strempel & Partners Srl, a Milan-Based Corporate Finance Firm Is Pleased to Announce the Acquisition by Its Client Vétoquinol (Listed on the Euronext Exchange) of Ascor Chimici Srl; The Transaction Takes Effect on December 1, 2008; Vétoquinol Was Advised by Strempel & Partners' Corporate Finance Team Led by David Strempel and Davide Ferrero

MILAN, ITALY--(Marketwire - December 1, 2008) - Strempel & Partners, a Corporate Finance firm based in Milan, announces the successful acquisition by its client Vétoquinol of 100 percent of the shares of Ascor Chimici Srl, which became effective today.

The acquisition allows Vétoquinol, a veterinary pharmaceutical laboratory based in France, to considerably expand its position in the Italian market, the fifth largest in Europe. Vétoquinol supplies products in 5 continents with a network of subsidiaries in 15 countries and distributors in over 80. Through this last acquisition the company will be able to expand its market share in Italy and to offer a wider range of products.

Ascor Chimici, founded in 1969, is a manufacturer of antibiotic medicines and medicated premixes for cattle, swine and poultry. An important player in the animal production and health sector in Italy, Ascor Chimici had sales of 21.4 million euros in 2007 and employs 63 persons. By virtue of sales success in many different countries, Ascor Chimici will enable Vétoquinol to expand the range of products that can be exported in the global market.

Vétoquinol was advised by Strempel & Partners' corporate finance team led by David Strempel and Davide Ferrero.

With offices in Milan and Turin, Strempel & Partners is a specialist corporate finance advisor with a focus on Mergers & Acquisitions involving small and medium sized companies. It brings together an in-depth knowledge of the Italian economic environment and extensive experience of working with large international players.

For any additional information please visit the website of Strempel & Partners: www.strempel.it

Contact Information

  • Contact:
    Cristina Schiffer
    Phone: +39 02 8699 7475