American giant Pfizer, the world's biggest drug maker, with 68billion dollars (50 billion euros) in turnover in 2010, has becomethe owner of a food supplements plant in Cluj, with over 5 millioneuros in annual sales.
The Ferrosan plant in Cluj, which produces Multi Tabs (vitamins,minerals and Omega 3), Bifiform (probiotic products), Zinaxin(joint relief), was taken over as part of the acquisition of Danishcompany Ferrosan Consumer Healthcare in an internationaltransaction. Ferrosan posted 150 million euros in turnover in2009.
The deal, which is set to be finalised in the second quarter of theyear, marks Pfizer's entry onto the production segment of theRomanian pharmaceutical market, with the company being present onlyas an importer so far. The value of the deal was not made public.In 2010, Pfizer ranked third among the top players on the Romaniandrug market, with 628.1 million lei (150 million euros) in salesand a 6.5% market share, according to market research and analysiscompany Cegedim.
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