Hester Biosciences has entered into an agreement to acquire 50% stake in Thrishool Exim, Tanzania, to increase its distribution footprint in Tanzania and in the African continent. Thrishool is an animal health products distribution company operating in Tanzania since 2012. Thrishool’s product range includes veterinary feed additives, feed raw materials, nutritional supplements, therapeutics and equipment sourced from recognized international producers. The consideration for the proposed acquisition is $2.25 million. The proposed transaction is subject to receipt of Tanzanian regulatory approvals.
Hester Biosciences is engaged in the manufacturing of poultry vaccines.
