To acquire 3 brands from Moberg Pharma for USD 10 million
Strides Shasun announced that its wholly owned subsidiary Strides Pharma Inc. has entered into an agreement with Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of $10 million plus inventory value at closing. The acquisition strengthens Strides Shasun's strategy to build a global OTC franchise. The transaction adds USD 6.1 million and delivers above company EBITDA margins. The transaction is immediately accretive and is expected to close within next four weeks.Powered by Capital Market - Live News
