IHS Chemical Week

Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

Indian Firm Buys U.K. Pharma Company

10:30 AM MST | January 14, 2008 | Deepti Ramesh

Marksans Pharma (Mumbai) says it has signed an agreement to acquire 100% of Hale Group (Widnes, U.K.), the parent of Bell, Sons & Co. Druggists Ltd. (Widnes). Financial terms of the acquisition were not disclosed. Marksans Pharma manufactures and sells active pharmaceutical ingredients, intermediates, and formulation drugs. Marksans exports about 40% of its output to markets including Africa, Bangladesh, Germany, Iran, Japan, Jordan, Latin America, and Spain. Acquiring Bell establishes Marksans in the U.K. market and gives Marksans access to 34 additional...

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