{"id":195,"date":"2014-10-16T17:46:31","date_gmt":"2014-10-16T17:46:31","guid":{"rendered":"http:\/\/pharmgate.com\/site\/?p=195"},"modified":"2023-07-18T17:44:51","modified_gmt":"2023-07-18T17:44:51","slug":"pharmgate-announces-agreement-to-acquire-the-assets-of-pennfield-animal-health","status":"publish","type":"post","link":"https:\/\/pharmgate.com\/global\/pharmgate-announces-agreement-to-acquire-the-assets-of-pennfield-animal-health\/","title":{"rendered":"Pharmgate announces agreement to acquire the assets of Pennfield Animal Health."},"content":{"rendered":"<p><strong>October 16, 2014<\/strong> &#8211; Pharmgate LLC is pleased to announce an agreement to acquire Pennfield Animal Health. This acquisition will establish Pharmgate as a key supplier of finished medicated feed additive and water soluble products to the United States, Canadian, Mexican and Latin American livestock and poultry markets. The acquisition is expected to be completed before the end of 2014. Pharmgate will acquire the current operations in Omaha, Nebraska which includes office buildings, a manufacturing facility, warehouses and the entire manufacturing, laboratory, finance, customer service, sales and marketing workforce. This will significantly enhance Pharmgate&#8217;s expanding product portfolio which now includes the in-feed and water soluble Pennchlor\u00ae, Pennox\u00ae and combination products.<\/p>\n<p>Colin Gray, Pharmgate&#8217;s President, said, &#8220;The deal provides an opportunity for Pharmgate to fast track our objective of establishing a North American presence. After introducing Pharmgate&#8217;s branded chlortetracycline in the Canadian and Latin American markets, the chance to acquire a well-established and reputable product line in the United States permitted a rapid and sizable growth opportunity. We are excited that this acquisition, along with the seasoned and expert workforce, will drive and streamline our development pipeline projects. The acquisition provides a strong base from which to continue our growth in the medicated feed additive and water soluble product sectors&#8221;.<\/p>\n<p><strong>About Pharmgate LLC<\/strong><br \/>\nPharmgate LLC is the majority-owned US subsidiary of Jinhe Biotechnology Co., Ltd., P. R. China, the world leader in the production of chlortetracycline feed grade, chlortetracycline hydrochloride, salinomycin and other animal health compounds. The company has marketing or supply approvals for these products in most major markets throughout the world.<\/p>\n<p>Contact: Colin Gray +1 201 327 3800<\/p>\n<p>Pennchlor\u00ae and Pennox\u00ae are the registered trademarks of Pennfield Oil Company, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 16, 2014 &#8211; Pharmgate LLC is pleased to announce an agreement to acquire Pennfield Animal Health. This acquisition will establish Pharmgate as a key&#8230; <\/p>\n<p><a class=\"bordered-btn read-more-link\" href=\"https:\/\/pharmgate.com\/global\/pharmgate-announces-agreement-to-acquire-the-assets-of-pennfield-animal-health\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[7],"globalproductcountry":[],"gpdistributer":[],"globalproductscountries":[],"class_list":["post-195","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharmgate announces agreement to acquire the assets of Pennfield Animal Health. - Global<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharmgate.com\/global\/pharmgate-announces-agreement-to-acquire-the-assets-of-pennfield-animal-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharmgate announces agreement to acquire the assets of Pennfield Animal Health. - Global\" \/>\n<meta property=\"og:description\" content=\"October 16, 2014 &#8211; Pharmgate LLC is pleased to announce an agreement to acquire Pennfield Animal Health. 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