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GREENFIELD – As part of a transaction valued at more than $ 7 billion, Elanco Animal Health, of Greenfield, has announced its intention to acquire one of its major rivals, the division of animal health of Bayer AG.
What that could mean for Hancock County and Greenfield was not immediately clear. The world headquarters of Elanco, which has about 800 employees, is located near the interchange of State Road 9, about 40 km from Indianapolis.
In a press release issued Tuesday by Elanco, the company said the deal "strengthens and accelerates Elanco's innovation, portfolio and productivity strategy, creating the world's second-largest animal health in terms of turnover ". mix the transformation and create a balance between its Pet and Pet segments. "
"Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, transforms our portfolio by adding new pet brands, strengthens our presence in key emerging markets, increases innovation and accelerates our margin expansion," said Jeffrey Simmons. , President and CEO of Elanco. "This move combines our long-standing attention with the veterinarian while meeting the changing expectations of pet owners in terms of care and access to pet products."
The agreement is subject to government approval.
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