Duncan Cotterill Advises PGG Wrightson Limited on Acquisition of Nexan Group
Duncan Cotterill is proud to have advised NZX-listed PGG Wrightson Limited (PGW), a leading New Zealand rural services company, on its acquisition of Nexan Group, a respected local manufacturer of animal health products.
This strategic transaction reinforces PGW’s commitment to supporting local manufacturing and innovation in the agricultural sector. Nexan Group, comprising Nexan and Vet Direct, has built a strong reputation over more than a decade through its Vetmed brand and other product lines including Active+, Cervidae, Farma, and CentraMax. The acquisition ensures continued R&D for New Zealand conditions and access to locally-developed and produced veterinary and livestock pharmaceuticals that drive profitability and sustainability on-farm.
Duncan Cotterill provided legal support throughout the transaction, including negotiation, execution, and completion of the acquisition. The Duncan Cotterill team advising PGW was led by Corporate/Commercial Partners Peter Fernando, Mark Cathro, and Gareth Clendinning, with assistance from Georgia Day, Corporate Solicitor, Mia Warman, Solicitor, and Jonny Sanders, Employment Senior Associate.
“It’s always a pleasure when you get to work with such a fantastic company and team as at PGW,” said Mark Cathro, Corporate Partner at Duncan Cotterill. “We’re proud to support their continued growth and innovation in the agricultural sector; a sector in which we have a long history of supporting.”
Nexan were advised by Simpson Western, led by Partner Jamie Barr and Associate Judy Zhou.
Duncan Cotterill is proud to support leading New Zealand businesses like PGW in executing transformative transactions that contribute to the growth and resilience of key sectors across the country.
PGW’s General Manager of Corporate Affairs, Julian Daly said “This is a strategic acquisition for PGW and an excellent fit for our business. It ensures that Nexan’s trusted range of products and R&D functions will continue to be developed in New Zealand, backed by local expertise, and aligned with the needs of our rural communities. The Nexan business has been an asset that PGW has wanted to acquire for a number of years and we feel the time is right. By securing the Nexan brands, we are safeguarding local jobs, R&D knowledge and capability, while further strengthening our technical offering and ability to support on-farm productivity. The team at Duncan Cotterill have been a pleasure to work with on this transaction and we have appreciated the commercial expertise and legal advice that Peter Fernando, Mark Cathro and their teams have provided throughout the transaction process.”
If you’re considering a strategic acquisition or sale, get in touch with our Corporate Team to see how we can support your journey.
Disclaimer: The content of this article is general in nature and not intended as a substitute for specific professional advice on any matter and should not be relied upon for that purpose.
