Carr's Group: Acquisition Broadens Animal Nutrition Offer

 | Oct 01, 2018 08:01AM ET

On 21 September, Carr’s Group (LON:CARRC) announced that it had completed the acquisition of Animax, a producer of animal health products, for a total cash consideration of up to £8.5m. The transaction will broaden the group’s existing range of animal health products and supplements. We raise our estimates and reiterate our indicative valuation of 178p/share.