Hyderabad-based Vivimed Laboratories, a business-to-business speciality chemical and pharmaceutical manufacturer, is close to buy the cosmetics and related ingredient manufacturing division of a German multinational specialty chemical and pharmaceutical company.According to sources Vivimed will add to its fold three units of the German company, located in Germany.
The three units, which include a research and development centre, currently manufactures about 45 products with a turnover of $30-40 million. Vivimed was negotiating with the German company since last year to take over the brands, existing business and intellectual property rights of that division, they said.
Read more in The Business Standard article.
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