Last checked at 29 Jun 2012 15:30
DCC Healthcare expands its Health & Beauty business
DCC plc, the sales, marketing, distribution and business support services group, announces that DCC Healthcare has acquired Midsona Manufacturing AB based on an enterprise value of €7.25 million. The consideration was paid in cash.
Midsona Manufacturing provides product development, registration, manufacturing and packing services to a range of leading Swedish and international consumer healthcare and health & beauty brand owners. Its product capability includes standard tablets, effervescent tablets, nutritional liquids and sprays, supplied in a variety of packaging formats. The business operates from a licensed facility in Norköpping, south of Stockholm, and has 86 employees. The company will be renamed Vitamex Manufacturing AB and will become part of DCC Health & Beauty Solutions.
In tandem with the acquisition, DCC Health & Beauty Solutions has entered into a supply agreement with the vendor, Midsona AB, a Swedish listed company, whose core activity is the sale and marketing of well known health and dietary supplements in the Nordic market.
Tommy Breen, Chief Executive of DCC plc, said today:
"The acquisition of Midsona Manufacturing is in line with DCC Healthcare's strategy to extend its service offering to brand owners in the health & beauty sector and to expand its European customer base."
For Reference:
Tommy Breen, Chief Executive
Conor Costigan, Managing Director, DCC Healthcare
Telephone: +353 1 2799 400
Email: investorrelations@dcc.ie
Web: www.dcc.ie