Leadership Signals Growth Ambitions
Covetrus CEO Ben Wolin described the merger as an expansion of capability and reach.
“By bringing MWI’s strong distribution capabilities and expertise to our business, we can offer more solutions to more customers, improve logistics, create savings and develop innovative new ways to support the animal health ecosystem,” Wolin said in a statement.
Cencora CEO Bob Mauch framed the transaction as a sharpening of focus. He said the deal allows Cencora to concentrate on its core growth priorities while positioning MWI for its next chapter with a partner singularly focused on animal health.
The transaction, he added, “positions MWI for success with a partner strategically focused on and dedicated to animal health, while allowing Cencora to further invest in our key growth priorities.”
Legal Teams Steer the Deal
The merger’s legal architecture is being guided by major law firms on both sides.
Debevoise & Plimpton LLP and Latham & Watkins LLP are advising Covetrus. The Debevoise team is led by M&A partners Spencer Gilbert and Kevin Rinker. Information regarding Latham’s lead partners was not immediately available.
Freshfields LLP is representing Cencora, with its team led by M&A partners Damien Zoubek and Joshua Ayal.
