Virbac acquired the remaining minority shares of the Centrovet group, increasing its stake to 100% and strengthening its Chilean position. The company recently increased its stake to 66%.

Sébastien Huron, chief executive officer, Virbac group, said that “with this acquisition, we are consolidating our position in this promising market and strategic aquaculture segment for our group. Centrovet, thanks to its industrial footprint and R&D infrastructures, gives us a real competitive advantage in the Chilean aquaculture industry. With a highly engaged team, we have the ambition to further bring innovative products and solutions to the local market and to search for additional synergies on the R&D and manufacturing sides between the cold and warm-water fish segments. Centrovet was founded in 1979 by the Farcas family who, as sole or major shareholder, developed it during more than 30 years with a strong entrepreneurial spirit. Since the creation of the joint venture in 2012, they remained actively involved in the development of the company, until now.”