Veterinary Pharmaceutical Solutions (VPS) has successfully acquired Diamond Animal Health, a prominent contract manufacturer of animal health solutions, from Mars Corporation. This strategic move, in collaboration with private investment firm Granite Creek Capital Partners, L.L.C., signifies a significant expansion for VPS, transcending its role as the market leader in livestock pharmacy compounding.
Enhancing Capabilities in Animal Health
Diamond Animal Health specializes in contract manufacturing and research of animal vaccines and pharmaceuticals. The acquisition aims to foster growth for both entities by diversifying product offerings, expanding research and development capabilities, and elevating overall operations in the animal health industry.
Dean Warras, Chief Executive Officer of both VPS and Diamond Animal Health, expressed excitement about this new chapter. He stated, “This acquisition allows us to diversify our product offerings, expand our research and development capabilities, and elevate our overall operations.”
Integrated Animal Health Platform
The acquisition creates a robust integrated animal health platform, uniquely positioned with three key pillars of offerings:
- FDA-approved cGMP Pharmaceutical Manufacturing
- USDA-approved Vaccine Manufacturing
- Boards of Pharmacy and FDA Regulated Compounding Capabilities
This integrated approach ensures a comprehensive and compliant suite of solutions for the livestock and companion animal industries.
Commitment to Industry Support and Innovation
Veterinary Pharmaceutical Solutions has demonstrated its commitment to innovation by consistently expanding its product pipeline. This includes the development and acquisition of new solutions to meet the evolving needs of its customer base. In 2023, VPS significantly increased its team of veterinarians, pharmacists, and industry experts, reinforcing its dedication to industry support.
Leadership Voices Optimism
Laurie Peterson, General Manager of Diamond Animal Health, expressed enthusiasm about joining a group exclusively focused on animal pharmaceuticals. She believes that this new ownership will enable Diamond Animal Health to better serve current customers and introduce innovative offerings to the market in the years ahead.
About Veterinary Pharmaceutical Solutions
Founded in 1995, VPS is a Minnesota-based licensed pharmacy providing animal health products and services to the veterinary community. With a rich legacy spanning four generations, VPS has treated over two billion pigs with compounded solutions tailored to individual animal needs.