The Hindu Business Line : Indoco acquires anti-cold brand Karvol from Solvay

THE Mumbai-based pharma company Indoco Remedies Ltd has acquired anti-cold segment brand Karvol Plus from Slovay Pharmaceuticals, for an undisclosed sum.

"Karvol Plus has an annual sale of approximately Rs 6 crore at present and we intend to double the sales in next two years," Mr Suresh Kare, Chairman, Indoco, told mediapersons here on Monday.

The acquisition is expected to bolster Indoco's current line of products — Febrex Plus in the anti-cold and Tuspel Plus, a cough syrup. These brands registered annual sales of Rs 35 crore, contributing 19.5 per cent of the total turnover for year ended June 2004, the company said. Meanwhile, the company has also embarked on an estimated Rs 75-crore expansion, over the next 18 months.

More Stories on : Brands | Mergers & Acquisitions | Personal Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Karnataka Bank unveils multi-city cheque facility

Orra to invest Rs 90 cr in store development, communication

Coimbatore dosa fest

Creative head's exit does not worry Mudra chief

Jet to offer lower late night fares from Oct

`Cluckers' chicken products from Venkateshwara's coop

Benetton to buy out DCM for Rs 15 cr

`Market research to open new doors for BPO vendors'

Indoco acquires anti-cold brand Karvol from Solvay

MRPL to invest Rs 200 cr for Euro IV facilities

Lowe hires ex marketing chief of TVS Motor

Amrutanjan's Affair with mouth fresheners