Valeant Pharma (VRX) Acquires Probiotica Laboratorios in R$150M Deal
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Valeant Pharmaceuticals International, Inc. (NYSE: VRX) has acquired Probiotica Laboratorios Ltda., a leader in sports nutrition and food supplements in Brazil. Probiotica currently markets a full line of over-the-counter sports nutrition products and other food supplements, with a 30 percent share of the market. Valeant will acquire Probiotica for R$150 million. Net revenue in 2011 was approximately R$80 million and double digit growth is expected in 2012. The transaction is expected to be immediately accretive.
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