The Hindu Business Line : Vivimed buys UK co for $21.15 m

Specialty chemicals manufacturer and cosmetics industry player Vivimed Labs Ltd has acquired the entire issued share capital of James Robinson Ltd from Yule Catto & Co Plc, a UK-based specialty chemicals producer for $21.15 million. The deal also included the acquisition of James Robinson's working capital of $4.5 million.

According to a release, the acquisition would allow the company to complement its portfolio of active ingredients in personal care products segment and foray into global hair dye segment. "The acquisition is in line with Vivimed's corporate strategy of achieving leadership in the global personal care activities industry,'' Mr Santosh Varalwar, Managing Director, Vivimed, said in a release. Vivimed would retain the existing management team of James Robinson headed by Dr Richard Smith, the release added. - Our Bureau

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