Mars Inc. to Acquire VCA Inc.
McLean, Va.-based Mars Inc. today announced that it will acquire the Los Angeles-based VCA Inc., the largest family of animal care providers nationwide, operating over 780 hospitals in 43 U.S. states and five Canadian provinces and providing diagnostic services to more than 19,000 independent hospitals.
The agreement has been unanimously approved by the boards of directors of both companies.
VCA joins Mars Petcare, whose brands include Royal Canin, Pedigree and Whiskas, as well as DNA testing Wisdom Panel and pet tech Whistle.
“We are thrilled to welcome VCA to the Mars family and to our portfolio of brands and businesses around the world,” said Mars CEO Grant Reid. “VCA is a leader across pet health care and the opportunity we see together—for pets, pet owners, veterinarians and other pet care providers —is tremendous. We have great respect for VCA, with whom we share many common values and a strong commitment to pet care. Together, we will be able to provide even greater value, better service and higher quality care to pets and pet owners.”
“Joining the Mars family of brands provides significant value to our stockholders while also preserving the Company's values and a culture focused on investing in our people and facilities to promote excellence in pet care and long-term growth,” said VCA CEO Bob Antin. “Mars has a long-standing commitment to pet health, wellness and nutrition. We will work together every day to continue to provide the quality care and excellent service VCA is known for to our clients and their pet families.”
“We have always been impressed by VCA and the excellent services it offers to pets across diverse business segments,” said Mars Global Petcare president Poul Weihrauch. “VCA’s industry-leading partnerships with veterinarians and pet care providers together with its expertise in veterinary services, diagnostics and technology will position Mars to deliver accessible, quality care and continue to create a better world for pets. VCA’s philosophy of partnering with the veterinary profession and educational institutions is aligned with our core values and culture. We look forward to together providing the best care possible for pets.”
Upon completion of the transaction, VCA will operate as a distinct and separate business unit within Mars Petcare, alongside its other veterinary services businesses, Banfield Pet Hospital, Bluepearl and Pet Partners, and will continue to be led by Antin. The company will remain headquartered in Los Angeles and will remain focused on its business model and strategic objectives.