Patterson Companies (Nasdaq: PDCO) is honored to receive an Association for Corporate Growth (ACG) BOLD Award. Patterson Companies, nominated because of moves made to refocus its corporate strategy and scope of business, was one of three finalists in the Corporate Large category.
In 2015, Patterson Companies expanded its animal health segment through the strategic acquisition of Animal Health International, while divesting its rehabilitation segment, Patterson Medical. "We are now well positioned to focus on developing our highly synergistic dental and animal health businesses, accelerating return on our investments and delivering additional shareholder value," said Scott Anderson, Patterson Companies chairman, president and CEO.
During his award acceptance, Anderson recognized the tremendous work being done by another BOLD Award recipient, Loaves and Fishes, a local nonprofit working to end hunger in Minnesota. To show support for the organization and their commitment to providing fresh, healthy produce for the underserved in Minnesota, Patterson Companies made a $25,000 donation to Loaves and Fishes. Cathy Maes, Loaves and Fishes executive director, returned to the stage to gratefully accept the spontaneous award from Patterson Companies. "A donation of this size goes a long way for Loaves and Fishes. $25,000 can cover the operating costs of one of our medium-sized sites, or roughly 10,000 meals, for an entire year," said Maes.
About Patterson Companies, Inc.
Patterson Companies, Inc. is a value-added distributor serving the dental and animal health markets.
Patterson's Dental segment provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America.
Animal Health Market
Patterson's Animal Health segment is a leading distributor of products, services and technologies to both the production and companion animal health markets in North America and the U.K.