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.
Showing posts with label Vivimed Labs. Show all posts
Showing posts with label Vivimed Labs. Show all posts
Thursday, December 27, 2007
Friday, December 14, 2007
Vivimed Labs nears buys in US, Europe
Hyderabad-based Vivimed Labs is close to acquiring two speciality chemical companies in the US and Europe.It will pay $40 million for the European company and $25 million for the other.
Vivimed will acquire only the brands, intellectual property and customers of the company. Manufacturing assets and employees will remain in the parent company. The European company is expected to add over 10% to the revenues in the first year of operations. Vivimed will integrate the company with its Indian operations by shifting manufacturing to the country.
Read more in The DNA Money article.
Vivimed will acquire only the brands, intellectual property and customers of the company. Manufacturing assets and employees will remain in the parent company. The European company is expected to add over 10% to the revenues in the first year of operations. Vivimed will integrate the company with its Indian operations by shifting manufacturing to the country.
Read more in The DNA Money article.
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