Patterson Companies, Inc. (Nasdaq: PDCO) today announced that its Webster Veterinary Supply unit will be renamed Patterson Veterinary Supply, effective January 1, 2013, in a move aimed at leveraging the Patterson brand across its three businesses, which also include Patterson Dental Supply and Patterson Medical. Patterson Veterinary is one of the nation’s leading full-service, value-added distributors of products and services to companion-pet veterinarians.
George Henriques, president of Patterson Veterinary, commented: “By further leveraging the Patterson brand, we are strengthening our visibility and position in the U.S. companion-pet veterinary market. We will remain the same company operationally, but our thousands of customers will now know at a glance that we are backed by the highly respected Patterson name. We believe our closer public identification with Patterson will also facilitate our marketing initiatives in this growing market. As part of this effort, we will launch in early January Patterson Veterinary’s new website, www.pattersonvet.com, which will offer many upgraded features including an enhanced online ordering experience.”
He continued: “Since Webster was acquired by Patterson in 2001, we have grown our annual sales from approximately $150 million to $735 million in fiscal 2012 and established a national geographic footprint through a combination of internal growth and strategic acquisitions. Supported by Patterson’s significant financial resources, infrastructure and technological capabilities, we have continually expanded our offerings of consumable supplies, equipment, technology solutions and value-added services, which have enabled us to capture a share of the U.S. companion-pet veterinary market in excess of 20%. This record of success has been generated by our relationship with Patterson, making it only logical to formally extend the Patterson brand name to our business.”
Scott P. Anderson, Patterson Companies’ president and chief executive officer, added: “Webster has been one of our growth engines in recent years, and now that this business carries the Patterson brand, we are confident Patterson Veterinary will continue on its trajectory of growth and profitability well into the future.”
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