Sanofi-Aventis to acquire Polish cosmetics manufacturer

- Last updated on GMT

Related tags: Eastern europe

Healthcare giant Sanofi-Aventis has announced it is to acquire Nepentes, a Polish dermocosmetics and pharmaceuticals manufacturer for € 1.5m.

Nepentes’ core focus is pharmacy dermocosmetics, and its products include the Iwostin and Emolium brands.

With the acquisition, Sanofi aims to consolidate its position in Central and Eastern Europe and extend Nepentes’ product lines outside of Poland.

Nepentes, which has affiliates in Bulgaria and Romania, recorded sales of PLN 134.9 million (€32.5m) in 2009. Eighty five percent of this total comes from domestic sales.

Related topics: Business & Financial

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