Vetoquinol opens new Portuguese subsidiary
French company Vetoquinol, based in Lure, has opened a new Portuguese subsidiary, Vetoquinol Unipessoal, as part of its growth strategy in Europe. Until now, Vetoquinol's presence in Portugal has been through a distributor. The new branch made its first sales in June, and employs 10 people in sales, marketing, technical support and regulatory affairs. Vetoquinol distributes its products in more than 100 countries, either through its 110 distributors or its 18 subsidiaries. In 2006, international sales represented 78% of its total sales, which reached Euro 211.6m ($288).