Foodservice

Mars to acquire veterinary diagnostic company for $1.3B

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April 3, 2023

Mars Inc. has agreed to acquire Heska, a provider of veterinary diagnostic and specialty products, for $120 per share, according to a press release.

The purchase amount will total $1.3 billion, according to a Reuters report.

The agreement has been unanimously approved by the boards of directors of both companies.

Upon transaction close, Heska will join Mars Petcare, a business serving pets and pet owners through products and services within veterinary health and diagnostics.