Strides Arcolabs to acquire Brazil facility
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Strides Arcolabs to acquire Brazil facility

Strides Arcolab Ltd has signed an agreement with Aspen to acquire the facility in Campos, Brazil with related products and intellectual properties (IPs). The plant manufactures penems and penicillins and was originally divested to Aspen in 2007.

The facility is forecasted to deliver $40 mn on an annualised basis. The company will provide about $75 mn as a consideration and the acquisition would be completed subject to obtain regulatory approvals.

Contact: Strides Arcolab Ltd. Tel: 080-6658 0000. E-mail: info@stridesarco.com Website: www.stridesarco.com

Strides Arcolab Ltd has signed an agreement with Aspen to acquire the facility in Campos, Brazil with related products and intellectual properties (IPs). The plant manufactures penems and penicillins and was originally divested to Aspen in 2007. The facility is forecasted to deliver $40 mn on an annualised basis. The company will provide about $75 mn as a consideration and the acquisition would be completed subject to obtain regulatory approvals. Contact: Strides Arcolab Ltd. Tel: 080-6658 0000. E-mail: info@stridesarco.com Website: www.stridesarco.com

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