Hygain, a premium equine nutrition solutions brand, has announced that it has reached an agreement with owner and CEO Dr. Jay Altman to acquire 100 percent of Arenus Animal Health (Arenus).
Arenus is a leading animal supplement and nutraceuticals brand based in the United States. Developed by veterinarians and nutritionists, the products are supported by clinical research and backed by a team of animal health specialists.
Hygain CEO, Kevin Bareira, said: “Since our entry into the U.S. three years ago, Hygain has continued to scale with a customer base now spanning more than 20 states. We see a market opportunity with Arenus – the No. 1 endorsed brand by veterinarians – to grow our advanced and research-based nutrition solutions across a range of disciplines.
Together, we can build on a shared culture of technical excellence, customer care and passion for animal health, as well as our combined scale and customer service to take advantage of growth opportunities in the veterinary channel and the broader U.S. market. In a vote of confidence for the future of our combined business, Dr. Jay Altman will remain a shareholder and play a key role in guiding our growth plans in the U.S.”
Veterinarians play a significant role in the nutrition decisions of horse owners in the United States, where Arenus has established itself as the most endorsed brand of nutraceutical products. Hygain's strong international distribution networks will support Arenus' further growth, along with achieving potential supply chain efficiencies.
Hygain sees opportunities to better service customers with another highly efficacious and science-backed brand in its portfolio.
Altman, added, “Arenus is delighted to join forces with the team at Hygain to better serve this industry we're all so passionate about. With both brands widely recognized in the U.S. for their superior quality, we can now combine our complementary product offerings to better meet the evolving needs of veterinarians and horse owners and customize nutritional packages for superior health, well-being and performance.”
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