WPP sub ghg acquires Geoff Howe Marketing Communications, US-based animal health agency

http://www.wpp.com/wpp/investor/financialnews/default.htm?guid=%7B43ed4cf1-30cf-4056-ba0b-e5ca858ad2fa%7D
WPP announces that its wholly-owned operating company, ghg, the global healthcare communications network, has acquired 100% of the capital stock of Geoff Howe Holdings, Inc. ("GHH"), which owns 100% of the capital stock of Geoff Howe Marketing Communications, Inc, ("GHMC"), a US-based agency specialising in the marketing of animal health, diet and nutrition products. In addition, ghg will acquire the European client account of Hills Pet Nutrition, Inc and certain associated assets from Geoff Howe's UK and Prague-based operations.

Headquartered in Kansas City, Missouri, Geoff Howe employs 48 people in the US and has two European offices in London and Prague. Clients include Bayer Healthcare, Boehringer Ingelheim, Colgate-Palmolive and Hill’s Pet Nutrition.

The consolidated unaudited revenues of GHH and GHMC for the year ended 31 March 2010 were US$ 6.7 million, with gross assets at the same date of US$ 4.1 million.

This acquisition continues WPP’s strategy of strengthening and developing key client relationships across important markets and sectors.