Sequent Scientific through its principal operating company -- Alivira Animal Health (Alivira) has completed the acquisition of 100% stake in Nourrie Saúde e Nutrição Animal (Nourrie) in Brazil. This acquisition has been made through Alivira Saúde Animal Brazil, a wholly owned subsidiary of Alivira, for a total cash consideration of BRL 27 million ($5 million).
SeQuent had originally signed the binding agreement to acquire Nourrie on December 16, 2021. The conclusion of Nourrie’s acquisition marks an important milestone in Sequent 2.0 strategy of establishing presence in Brazil’s pet market, the fastest growing segment. Brazil has the 4th largest pet market in the world with an estimated market size of BRL 1.8 billion, growing annually at 16%.
The addition of Nourrie’s business has nearly doubled the product portfolio available to Alivira for commercialization in Brazil, with additions in both the nutraceutical and therapeutic product categories. Nourrie also brings a strong pipeline of 20 products under development, 12 of which are planned for launch in the next fiscal.
The acquisition also provides Alivira complete control over the value-chain of Transuin, a Ractopamine based swine product currently manufactured at Nourrie, which is at present the 3rd largest product in Alivira Brazil’s portfolio. With access to Alivira’s own API manufactured in the USFDA approved plant at Vizag, and extension of product range with upcoming registration approvals, Alivira intends to fast-track growth for Transuin franchise in both Brazil and other Latam markets. The expansion of swine and poultry segment will be further catalysed with nearly 5 new product launches expected in the near term.
Sequent Scientific is an integrated pharmaceutical company with a global footprint headquartered in Bangalore, India which has presence in different pharmaceutical verticals including APIs, Animal Health, Analytical Services, CRAMS and specialty chemicals. Sequent is the world's largest producer of Anthelmintics and by far the strongest player in the Veterinary API business.
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