Acquisition of MVZ Farm Supplies, Animal Healthcare Products Distributor

 Wynnstay is pleased to announce the acquisition of the entire share capital and assets of MVZ Farm Supplies Ltd. The business based in Droitwich, Worcestershire is a distributor of agricultural requisites including animal feed supplements, harvest products, milks, dairy chemicals, animal health, seeds and agrochemicals. This acquisition will complement and strengthen the group’s presence in the important livestock region of Worcestershire, Gloucestershire and Warwickshire.

The acquisition demonstrates the Group’s strategy to acquire businesses that complement its core activities. For the year to 30 September 2007, MVZ generated turnover of approximately £1.75m.

The management team of MVZ will remain with the business following its acquisition and continue to operate a store from its premises at Droitwich, over time this will be converted to a Wynnstay retail store.

Bernard Harris, Managing Director of Wynnstay, commented:

“MVZ has been operating for 30 years in Worcestershire and has built up a well-established customer base for its healthcare products. Its acquisition is a logical addition to the Group’s existing operations and I am very pleased to welcome Rufus Ulyet and his team to the Wynnstay Group”.

For further details please contact:

Bernard Harris, Managing Director
Paul Roberts, Finance Director

Tel: 01691 828512