Valeant Pharma (VRX) to Buy Naktur Produkt for $180M
Tweet
Share
E-mail
Valeant Pharmaceuticals International, Inc. (NYSE: VRX) announced today that Valeant has signed an agreement to acquire Natur Produkt International, JSC, a specialty pharmaceutical company in Russia. Natur Produkt has a significant presence in the over-the-counter (OTC) segment in several categories marketed under the umbrella brand, Natur Produkt. Key brands include AntiGrippin, a leading cough and cold remedy, Anti Angin, Sage and Eucaplyptus MA brand names, leading sore throat remedies.
Valeant will acquire Natur Produkt for approximately $180 million, with an additional $5 million in potential future milestones. Total revenue in 2011 was approximately $65 million and is expected to deliver double digit growth in 2012. The transaction is expected to close by mid-year 2012, subject to certain closing adjustments and regulatory approvals, and is expected to be immediately accretive.
Valeant will acquire Natur Produkt for approximately $180 million, with an additional $5 million in potential future milestones. Total revenue in 2011 was approximately $65 million and is expected to deliver double digit growth in 2012. The transaction is expected to close by mid-year 2012, subject to certain closing adjustments and regulatory approvals, and is expected to be immediately accretive.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Leggett & Platt shareholders approve merger with Somnigroup
- U.S. Gold Corp. forms special committee to assess M&A interest
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
