Benchmark Holdings secures sale of veterinary business

Thu, 02 Jul 2020 | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and genetics company Benchmark Holdings has completed the sale of a veterinary and diagnostic services business for up to £14.7 million. The deal sees FVG Ltd, which trades as FishVet, acquire Pharmaq, a division of Zoetis.

Global animal health company Zoetis Inc is the world’s largest producer of medicine and vaccinations for pets and livestock.

The final consideration is dependent on Benchmark covering certain final costs and will be between £14.4 million and £14.7 million. The deal comprises Benchmark’s veterinary and diagnostic services business across the UK, Ireland, Norway and Chile.

The sale forms part of Benchmark’s exit strategy for non-core areas as it looks to focus on its key activities in the global aquaculture markets. This strategy has, to date, seen Benchmark sell or exit seven businesses, generating up to £30.3 million.

Benchmark Holdings chief executive Trond Williksen said: "I am very pleased to announce this transaction, the proceeds of which together with those from the sale of Improve International last week, are in line with our expectations.”

"These disposals represent a significant step forward in our strategy to become a streamlined, profitable business focused on our key areas of competency. The FishVet team is a highly talented group. I would like to thank every member of the team and wish them success in the future.”

In its most recent accounts, to the year ending September 30 2019, Benchmark Holdings reported revenue of £127.3 million, down from £131.6 million in 2018, with gross profit of £65.9 million, down from £68.4 million a year earlier.

Find businesses for sale here.

If you are looking for an exit, we can help!

Share this article

Latest Businesses for Sale

Fintech Company: Comparison of Trading Platforms for Traders
UK Wide

Extensively developed platform, generating a consistent stream of revenue from affiliate agreement commissions and contracted advertising packages. The company compares trading platforms operating in forex, stocks, crypto and commodities. Fully reloc...

Asking Price: Offers Invited
Turnover: £666,305


Energy Management Specialists: Meter Readings & Efficiency Analysis
North West, UK

Specialist engineers providing a range of energy management services including the supply & maintenance of electricity billing meters energy reports & cost budgeting. Contracted to provide metering services on behalf of a major electricity distributi...

Asking Price: Offers Invited
Turnover: £830,000

Water Service Business
Barnstaple, Devon, UK Wide

The business in run and managed by our client with the help of one full time office member of staff along with 3 full time engineers. Over the years the business expanded to include the supply and installation of pumps and pressurised systems, PH cor...

Asking Price: £160,000
Turnover: £360,000


View more businesses for sale

News Search

Latest News


Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...


Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...


Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources