M&A Deal Summary

Zoetis Acquires Embrex

On November 15, 2006, Zoetis acquired life science company Embrex for 155M USD

Acquisition Highlights
  • This is Zoetis’ 1st transaction in the Life Science sector.
  • This is Zoetis’ 3rd largest (disclosed) transaction.
  • This is Zoetis’ 1st transaction in the United States.
  • This is Zoetis’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2006-11-15
Target Embrex
Sector Life Science
Buyer(s) Zoetis
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

Embrex

Durham, North Carolina, United States
Embrex, Inc. is a biotechnology company in the poultry industry that created an in-ovo system for vaccine delivery.

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Buyer(S) 1

Buyer

Zoetis

Parsippany, New Jersey, United States
Category Company
Founded 1952
Sector Life Science
Employees11,300
Revenue 8.5B USD (2023)
DESCRIPTION

Zoetis engages in the discovery, development, manufacture and commercialization of a diverse portfolio of animal health medicines and vaccines designed to meet the real-world needs of veterinarians and the livestock farmers and companion animal owners they support. Zoetis was founded in 1952 and is based in Parsippany, New Jersey.

DEAL STATS #
Overall 1 of 13
Sector (Life Science) 1 of 7
Type (Add-on Acquisition) 1 of 12
State (North Carolina) 1 of 1
Country (United States) 1 of 8
Year (2006) 1 of 1
Size (of disclosed) 3 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-18 Catapult Genetics Pty.

Albion, Australia

Catapult is a global provider of sheep and cattle DNA testing technologies for meat and carcass quality and production efficiency under the GeneSTAR® Quality Grade, Feed Efficiency, the SureTRAK® system, and the SireTRACETM product brands. In addition to co-founders Gerard Davis and Jay Hetzel, shareholders include AgResearch, CSIRO, Kestrel Capital’s Nanyang Innovation Fund, and Meat & Wool New Zealand.

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