Alstoe Ltd, the York-based supplier of animal healthcare products, has acquired the worldwide rights, trade mark and intellectual property of Vetergesic from Reckitt Benckiser for an undisclosed sum. Alstoe was advised by Clarion’s corporate team led by corporate partner, Christian Hunt.
Vetergesic is an injectable analgesic preparation used in pain control during operations on animals including horses, dogs and cats. Alstoe took over the marketing of Vetergesic in the UK in 2001 and has grown the business significantly since forming the partnership with Reckitt Benckiser. Up to now, it has marketed the product in the UK and some other countries under a license and distribution agreement.
Alstoe will now concentrate on continued submission of registrations in new territories which will expand Vetergesic’s application and use in small companion animals and horses.
John Nellis, director of Alstoe, said: “This purchase from Reckitt puts us in another league. Vetergesic is a significant addition to our product range, complementing the international brands within the Alstoe portfolio.”
Christian Hunt, partner at Clarion, commented: “It’s fantastic to see a Yorkshire business putting itself on the map with the acquisition of one of the UK’s best known veterinary pharmaceuticals. This strategic deal cements its reputation as one of the leading firms in the industry.”
Alstoe Ltd was established in 1994 and mainly supplies products used by veterinary surgeons, professional animal keepers and pet owners.
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