Stada Hints At Further Deals To Come As It Posts Big Sales Rise
Germany's Stada posts 22% jump in first half sales thanks to recent deals and reveals that more acquisitions may soon follow.
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Stada says it has become a "major consumer healthcare player" after signing a deal to acquire from GSK 15 brands, which generate annual sales in excess of €100m.
Stada has added to its consumer healthcare business in the Philippines by acquiring the Fern C range of vitamin C food supplements.
Stada will pay $660m for a basket of 20 brands from Takeda to expand its consumer health portfolio in Russia and a number of strategically important CIS markets.