Patterson Completes Acquisition Of National Veterinary Services

(RTTNews) - Patterson Companies Inc. (PDCO) said Friday it has completed its acquisition of the stock of National Veterinary Services Ltd., a unit of Dechra Pharmaceuticals PLC (DPH.L).

National Veterinary Services is the largest veterinary distributor in the United Kingdom providing an array of products and services, including reference laboratory offerings.

"The completion of this transaction marks an important milestone for Patterson Companies, and advances the strategic direction of our veterinary business," said Scott Anderson, CEO of Patterson.

In Patterson's first full year after the deal's closing, the acquisition is expected to be accretive to earnings by $0.04 to $0.05 per share, including the impact of one-time and transactional expenses.