Rhone Ma to distribute Ceva’s Animal Health products

KUALA LUMPUR: Rhone Ma Holdings Bhd’s wholly-owned unit, Rhone Ma Malaysia Sdn Bhd (RMM) has signed a distribution deal with CEVA Sante Animale S.A. and CEVA Animal Health Malaysia Sdn Bhd for the exclusive distribution of CEVA’s animal health products related to swine.

In a filing to Bursa Malaysia, the company said the deal with CEVA would allow RMM to distribute, promote and sell CEVA’s animal health products related to swine in Malaysia.

“The distribution agreement with CEVA is valid for a period with effect from Jan 1, 2018 until Dec 31, 2020, “it said, adding that the deal with CEVA shall be renewed and continue in full force and effects for a successive periods of one year unless and until either party gives to the other a written notice of termination at least three months prior to the end of the initial term or any successive one-year period.

CEVA Sante Animale SA is an international corporation engaged in research, development, production and marketing of pharmaceutical products and vaccines for companion animal, poultry, ruminant and swine with the presence in 45 countries.

Rhone Ma Holdings is an investment holding company engaged in the provision of management services to its subsidiaries. Its subsidiaries are principally involved in the provision of end-to-end animal health solution and the distribution and supply of food ingredients.

It said the distribution agreement with CEVA is expected to contribute positively towards the group’s earnings and net assets per share for the financial year ending Dec 31, 2018.

“The contribution from the agreement with CEVA is expected to mitigate the impact of the loss of revenue from the cessation of distribution of swine products from RMM’s previous supplier,” it added. — Bernama