Brief: Fagron Buys Letco And Divests Non-Core Activities In The U.S.

Fagron NV

02/02/2022 06:07

Feb 2 (Reuters) - Fagron NV  FAGRO.BR :
    * FAGRON STRENGTHENS POSITION IN US WITH ACQUISITION OF
LETCO AND
DIVESTMENT OF NON-CORE ACTIVITIES
    * ACQUISITION PRICE IS US$ 34 MILLION
    * LETCO IS A SUPPLIER OF PHARMACEUTICAL RAW MATERIALS,
SUPPLIES
AND EQUIPMENT FOR COMPOUNDING IN USA WITH EXPECTED SALES OF
APPROXIMATELY US$ 40 MILLION AND AN EXPECTED EBITDA MARGIN OF
AROUND 11% IN 2021
    * SOLD 80% OF ITS CONTRACT MANUFACTURING BUSINESS UNIT TO A
SYNDICATE INCLUDING SIGNET HEALTHCARE PARTNERS, BIONPHARMA, INC
AND GMS CAPITAL PARTNERS LLC
    * CONSIDERATION FOR DIVESTMENT AMOUNTS TO US$ 6 MILLION

Source text for Eikon:  ID:nGNE18qwFF 
Further company coverage:  FAGRO.BR 

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