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Avesthagen acquisition

This article was originally published in The Tan Sheet

Executive Summary

Biotechnology firm Avestha Gengraine Technologies plans to acquire Chatsworth, Calif.-based Renaissance Herbs, Avesthagen announces July 17. The purchase of nutritional products supplier Renaissance Herbs supports Avesthagen's "bio-nutritional business strategy through vertical integration and access to key markets," according to the Bangalore, India-based firm. Avesthagen produces natural plant extracts for use in functional foods and dietary supplements, making the acquisition of Renaissance Herbs "highly synergistic for both companies," Avesthagen Founder Villoo Morawala Patell says. The firms expect to close the deal by the end of July...
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