August 4, 2020

 

Elanco Brazil appoints new director general after completing Bayer animal health acquisition

 


United States-based Elanco Animal Health's Brazil unit appointed Sérgio Schuler as director general after the company concluded its purchase of Bayer's animal health division on August 3, Reuters reported.

 

Schuler was Bayer Brazil's animal health division director for seven years. He replaces Carlos Kuada, who is now Elanco's senior commercial vice president in Latin America.

 

Elanco's purchase of Bayer's animal health division has made it the second biggest company in the animal health sector valued at US$6.89 billion. Elanco ranks third after the Bayer purchase in Brazil, with US$150 million in annual pro forma net sales.

 

Schuler said Brazil is a major market as every fifth chicken produced globally comes from Brazil.

 

The merger of both animal health divisions will leverage on Elanco's livestock veterinary products and Bayer's pet market leading position.

 

Jeff Simmons, Elancopresident and chief executive said the combination of Elanco and Bayer's animal health divisions was challenging especially with African swine fever (ASF) and COVID-19.

 

Brazilian meat sales to China has increased after the latter was forced to supplement dwindling meat supplies caused by ASF.

 

Pork and chicken production and exports from Brazil are expected to go up this year as domestic meatpackers continue operations even with a COVID-19 pandemic.

 

Kuada said they are in the Brazil food production chain, adding that their business will be stable when consumers eat chicken, eggs, dairy and cheese.

 

-      Reuters

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