Sanofi-Aventis acquires Mexican firm
This article was originally published in The Tan Sheet
Executive Summary
The Paris-based firm acquires Laboratorios Kendrick and plans to fold the generics firm into its existing Mexican generics business. The April 2 deal gives Sanofi more than 50 active pharmaceutical ingredients in Kendrick's portfolio, including the antihistamine loratadine. Kendrick's sales reached around 500 million pesos in 2008. Sanofi also expanded its global OTC business with the recent acquisition of Czech firm Zentiva (1"The Tan Sheet" Feb. 16, 2009, p. 6)
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