Plethico buys US company for $81 mn

Plethico Pharmaceuticals, a leading Indian herbal and nutraceutical (a combination of drug and food products) company, has agreed to acquire Natrol, a nutritional products company in the US, for $81 million (Rs 318 crore).

The acquisition will make the Rs 440-crore company one of the largest herbal and nutraceutical manufacturers in India.

Natrol has about 550 products and eight top-selling nutraceutical and dietary supplement brands in the US market, including hair nourishing products and Prolab, a fast moving body building brand.

Natrol has a network of about 54,000 outlets and its products are sold through leading US stores such as Wal-Mart. The company also has operations in the United Kingdom and Hong Kong.

Read more in The Business Standard article