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Bayer completes acquisition of German pharmaceutical company

4:43 AM MDT | July 1, 2013 | Deepti Ramesh

Bayer says it has completed the previously announced acquisition of Steigerwald Arzneimittelwerk (Darmstadt, Germany), a pharmaceutical company specializing in pharmacy-only herbal medicines. The transaction was cleared by the relevant antitrust authorities, Bayer says. Christian Sarto, previously responsible for healthcare mergers and acquisitions at Bayer, has been named as Steigerwald's new managing director. “Steigerwald has very successfully expanded its business in recent years. The product range, which includes established phytopharmaceuticals, is a...

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