Allflex Group, a global leader in animal identification systems, has acquired Netanya based SCR for $250 million. SCR, founded in 1976, manufactures and markets advanced monitoring systems for cows and milk production and innovative solutions for management of cowsheds, sheep pens and goatherds, and improving production efficiency, profitability of cows and the quality of milk and dairy products.
Allflex has acquired 100% of SCR's shares from Tene Investment Funds, a private equity fund headed by Senior Managing Partner Dr. Ariel Halperin, which has a 51% stake, and the company's founders Meir Rabinovich, Eyal Brayer, Dani Cohen, and Avi Mor. The deal was signed today and will be closed in the coming weeks.
SCR CEO Yariv Avisar said, "This is an historical moment for SCR and an important milestone in the market when two leading companies join forces."
For 50 years, Allflex has led the livestock identification sector through electronic tag ID technology and tissue sampling. Acquiring SCR is a strategic step in which Allflex's technology will add advantages for SCR and allow it to expand more efficiently to new areas and markets by leveraging and corss-fertilization.
Published by Globes [online], Israel business news - www.globes-online.com - on December 11, 2014
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