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STADA purchases British OTC manufacturer Thornton & Ross

STADA purchases British OTC manufacturer Thornton & Ross STADA Arzneimittel AG toda signed and concluded a contract for the purchase of Thornton & Ross, a British OTC manufacturer located in Huddersfield, after STADA and the owners had already announced exclusive contract negotiations on this issue. The purchase price amounts to 221,117,910 British pounds (at current exchange rate approximately 259,223,810 Euro) in cash. This corresponds to 193 million British pounds (at current exchange rate approximately 226 million Euro) on a so-called cash and debt-free basis. Thornton & Ross has a number of well-known prescription-free (OTC) branded products for a wide variety of indications – among other things, cold, pain and dermatology. Sales will presumably be consolidated in the STADA Group as of September 1, 2013. From that date, the transaction will also make a positive contribution to net income. http://www.stada.com/media-public-relations/press-releases/detail-view/news/detail/News/stada-purchases-british-otc-manufacturer-thornton-ross.html Project Name STADA purchases British OTC manufacturer Thornton & Ross Location Germany Commence 2013 Completion -NA- Estimated Investment 193 million British pounds Capacity -NA- Key Players STADA Arzneimittel AG

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