AquaTactics was founded in 2009 by Tom Goodrich and Hugh Mitchell and provides fish health services and develops, manufactures and sells bespoke vaccines to its fish farm and stock enhancement clients across the USA.
Bimeda is based in Ireland and is a global manufacturer, marketer and distributor of animal health products and veterinary pharmaceuticals. The acquisition is the company’s first investment in the aquaculture space and has been billed as “a strategic investment in a rapidly growing animal healthcare segment”.
Donal Tierney of Bimeda commented: "It gives me great pleasure to announce Bimeda's latest strategic acquisition. We see excellent long-term growth potential for AquaTactics, which will continue to be led by founders Hugh Mitchell, DVM and Dr Tom Goodrich. The combination of Bimeda's planned investments in marketing and product development, AquaTactics' expert leadership team, and the company's world class aquaculture product and service offering, will drive significant growth in the US and internationally."
Hugh Mitchell added: "AquaTactics has been searching for a perfect strategic partner for some time to help us realize our desire to properly increase our capacity to serve the aquaculture sector. Bimeda, a family-run multinational animal health company, represents the ideal compromise between scale and small company values and philosophy."