M&A Deal Summary

Sumitomo Acquires Piedmont Animal Health

On October 3, 2017, Sumitomo acquired medical products company Piedmont Animal Health

Acquisition Highlights
  • This is Sumitomo’s 1st transaction in the Medical Products sector.
  • This is Sumitomo’s 6th transaction in the United States.
  • This is Sumitomo’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2017-10-03
Target Piedmont Animal Health
Sector Medical Products
Buyer(s) Sumitomo
Deal Type Add-on Acquisition

Target

Piedmont Animal Health

Greensboro, North Carolina, United States
Piedmont Animal Health LLC is a companion animal pharmaceutical development and marketing company focused on inventing and developing innovative technologies to address veterinary healthcare needs.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 23 of 50
Sector: Medical Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 10 of 25
State: North Carolina M&A 1 of 1
Country: United States M&A 6 of 17
Year: 2017 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Sunstate Equipment Co.

Phoenix, Arizona, United States

Sunstate Equipment Co., LLC is an equipment rental company provides construction, industrial and special event companies with top quality construction rental equipment and tools.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 Champions Cinco Pipe & Supply

Houston, Texas, United States

Champions Cinco Pipe & Supply LLC is a distributor of casing and tubing, drill pipe and line pipe. The company extensive inventory includes a wide range of pipe sizes and grades ready for immediate shipment. Champions Cinco Pipe & Supply was founded in 1979 and is based in Houston, Texas.

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