IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Meiji to acquire Indian contract manufacturing and generic drugs firm Medreich for $290 million

7:15 AM MDT | June 12, 2014 | Natasha Alperowicz

Meiji Holdings (Tokyo), through its Meiji Seika Pharma subsidiary, has agreed to acquire Bangalore, India based Medreich Ltd. Meiji agreed to pay $290 million for Medreich, which in 2013 reported sales of $157 million and operating income of $24 million. The agreement is with Med Holdings (Weybridge, UK), Nokha Holdings (Bangalore) and V-Sciences Investments (Singapore), the major shareholders in Medreich.   Medreich, established in 1973, has manufacturing facilities in India and is a contract manufacturing organization (CMO) and contract development and...

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