Login
Zoetis expands APAC presence with new acquisition
Zoetis has been advised on the strategic acquisition of Australian-based animal pharmaceutical manufacturer Jurox, expanding its global animal health portfolio.
Lauren Croft
Deal: King & Wood Mallesons has advised global animal healthcare company Zoetis on its acquisition of Australian-based animal pharmaceutical manufacturer Jurox.
Value: N/A.
Area: M&A.
Key players: The KWM team was led by M&A partner Ros Anderson and special counsel Clifford Sandler, advising Zoetis on all aspects of the transaction, which involved significant cross-practice collaboration. Partners Sharon Henrick and Patrick Gunning provided competition, IP and regulatory advice, and partner Malcolm Brennan provided cross-border and foreign investment review board regulatory input.
Deal significance: The acquisition of Jurox means that Zoetis will gain a valuable animal health portfolio, including leading animal anaesthetic Alfaxan®, and high-quality, local manufacturing operations in Australia as well as additional regional offices and subsidiaries in New Zealand, the US, Canada and the UK, bolstering Zoetis’ product range, global footprint and APAC presence.
Commenting on the deal, KWM partner Ros Anderson said: “We’re delighted to have assisted Zoetis in securing this strategic acquisition.
“Jurox brings Zoetis a high-quality portfolio of products, manufacturing capability and expansion opportunities, and that represents an exciting affirmation for Australia’s biomedical sector. This deal demonstrates the sector’s ability to turn scientific excellence into products which both make a difference and generate significant value commercially.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
