AmerisourceBergen 2014 Annual Report Download - page 7

which we believe has excellent
opportunities for growth in the years
ahead, both in the US and international
markets, and ample opportunities for
AmerisourceBergen to continue to
differentiate itself.
To that end, on January 12, 2015
we announced a definitive agreement
to acquire MWI Veterinary Supply, Inc.,
the leading animal healthcare distribution
company in the US for $2.5 billion. MWI
is a premier distributor in the large and
attractive global animal healthcare
market, with an impressive management
team that has grown the company
organically through differentiated
products and services, and through
thoughtful investments in select
acquisitions. With annual market sales
growth of 6%, the $23 billion dollar
global animal health market offers
a compelling opportunity to diversify
our business into new markets while
staying within the pharmaceutical
channel. With its strong presence in both
the companion animal and production
markets, and its dedication to
operational excellence, MWI is
the ideal partner to help us drive
growth in animal health. Utilizing
AmerisourceBergen’s knowledge of
manufacturer and provider services,
our global reach, and our partnership
philosophy, combined with MWI’s
legacy of success and innovation, we
will launch the next generation of
superior animal health products and
services together. We anticipate that
the transaction will close in the March
quarter of fiscal year 2015.
One final word about fiscal 2014.
As I look back over the year, I am
pleased with our outstanding financial
and operational performance. I am even
more pleased, however, with how we
achieved it. Through bold thinking and
unmatched execution, we established
unprecedented ways to create value for
all of our stakeholders. We have a great
partner in Walgreens Boots Alliance,
and our innovative, long-term strategic
relationship has driven tremendous
value with more to come in the years
ahead. We also have many other
outstanding and mutually beneficial
relationships with our manufacturer
partners, our long-term customers,
and our stockholders. Our greatest
assets, however, are our diverse base of
associates and our collaborative culture
that brings together the strengths of
different backgrounds and varied areas
of expertise drawn from increasingly
international markets. Our success in
these areas gives me great confidence
that we will continue to make vital
and differentiated contributions to
the marketplace and thereby provide
excellent returns to our stockholders
while continuing to provide increasing
value to our customers.
Thank you for your investment
in AmerisourceBergen.
Sincerely,
Steven H. Collis
President and Chief Executive Officer
January 23, 2015
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