HannawayCA is delighted to have advised NI Company, Kilco International (Kilco), on its acquisition by global company Kersia.
Gerry McGladery, Managing Director of Kilco, one of the UK’s leading specialists in animal health, commented “since John Hannaway and I first met the team from Kersia in Paris in February 2017 to explore the possibility of a transaction, the process has been both long and extremely complex. But, we negotiated an excellent result in the end. I just can’t thank John and his team at HannawayCA enough. They were simply superb in helping me negotiate the best deal possible, had incredible depth of expertise, boundless energy and were able to advise me on all the tax, corporate finance, accounting and structuring issues”. He added “I would also like to thank Kathryn Walls and her team in Mills Selig, Belfast, for the manner in which they have effectively and efficiently guided Kilco through the legal aspects of this process.”
Specializing in animal health (hygiene and disinfection solutions, nutritional complements and care products) and recognized for its know-how in the poultry sector as well as in food safety, Kilco has been a family owned company since 1953. It has now grown from a small local firm to a multi-national business, with manufacturing plants in Mallusk in Ireland and Lockerbie in Scotland and subsidiary companies in Denmark and in Germany exporting to 70 countries around the world. Its innovative research leads the industry, creating products that are used around the world to enhance biosecurity within the food chain, from farm to fork. In 2017, Kilco recorded a turnover of £20 million.
Kersia is a global leader in biosecurity and food safety with value added products and solutions to prevent diseases or contamination in both animal and humans at every stage of the food supply chain. Now present in more than 90 countries and employing more than 850 personnel, Kersia has an annual a turnover of €200 million. Kersia is accompanied in this new acquisition by its majority shareholder Ardian, a world-leading Private Equity house.
Sébastien Bossard, CEO of Kersia, says: "With the acquisition of Kilco, we are continuing our 18-month-long development and strengthening our leading position in Europe. We now have an industrial base in the UK and are completing our facilities in Ireland, which is essential to gaining market shares in this strategic area. We chose Kilco for its great expertise in the field of biosecurity, the complementarities between our two structures but also for the values we share around societal responsibility, public health and environmental impact. We are very pleased to welcome the Kilco teams to our group."
“Kilco has grown larger and more successful than we ever could have imagined,” explained Managing Director, Gerry McGladery. “The time has come to broaden our horizons by joining forces with a truly global player. The Kersia deal will give us the infrastructure, investment and innovation we need to drive our products and research forward to the next level, as part of Kersia’s global vision for a food safe world.”