Reckitt Benckiser has boosted its OTC portfolio in emerging markets with the acquisition of Indian group Paras Pharmaceuticals.
The deal, worth around £460m, hands Reckitt control of brands including flu remedy D'Cold, skin treatment Dermicool and anti-fungal cream Ring Guard.
“The acquisition of Paras is another step forward in RB's growth strategy in consumer healthcare,” said Reckitt chief executive Bart Becht (pictured).
“It creates a material healthcare business in India, one of the most promising healthcare markets in the world, with the addition of a number of leading brands.”
Becht added: “We believe Paras has not only extremely good growth potential, when supported by RB's investment and innovation strength; we also expect to realise material synergies as a result of the integration of Paras into Reckitt.”
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