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STADA Arzneimittel AG to Acquire Thornton & Ross Ltd.


Tuesday, 6 Aug 2013 04:58am EDT 

STADA Arzneimittel AG announced that it plans to acquire a British OTC manufacturer Thornton & Ross Ltd. The contract signing and completion of the acquisition are planned for the third quarter of the current financial year. Consolidation of sales is sought from September 2013. Payment of the purchase price will be made at the time of completion. STADA will use cash on hand and existing free credit lines to finance the acquisition. It is expected that the transaction will contribute to net income from the time of consolidation. The transaction price has not been disclosed. 

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