Galenica acquires Potter’s. Move to gain entry into UK’s OTC marketplace
Consolidation activity in the life science industry spills over into the nutraceuticals sector. Potter’s (Herbal Supplies) Ltd., one of the UK’s oldest pharma companies with a history dating from the early nineteenth century, has been taken over by the Galenica Group, based in Berne, Switzerland.
Galenica took over the entire share capital of Potter’s, a family-owned, British OTC firm with its headquarters in Wigan, England. Terms of the acquisition have not been disclosed.
The acquisition secures a foothold for Galenica within Europe’s OTC market. Galenica sees the move as a vital step in its efforts to ’Internationalise’ the company’s OTC business in a sector where trade in prescription-free remedies, represents an attractive platform for rapid growth in Europe.
For Galenica, the OTC business, specifically the trade in prescription-free remedies, represents an attractive platform for growth in Europe.
Potter’s plays a leading role in Britain’s phytotherapeutics market. The annual revenue for Potter’s(Herbal Supplies) Ltd. was £ 7 million. The company currently employs a staff of 45.
Potter’s Herbal Supplies is the quintessential name for plant-based remedies (phytotherapeutics), which the firm produces and distributes. Potter’s owns a divesrified product portfolio, including remedies for chronic and acute conditions such as rheumatic pain, heart and circulatory problems, cough and cold symptoms, depression and the menopause.
Galenica is a diversified business entreprise within the healthcare market. The group manufactures and markets pharmaceutical products, manages pharmacies, provides logistical services and databases and sets up networks.
The Galenica Group enjoys a leading position in all its areas of activity pharmaceutical manufacturing, prewholesaling, distribution, associated services and retailing. A large part of the Group’s income is generated by its International operations.
Keywords : Galenica Group Switzerland Potter's (Herbal Supplies) Ltd. UK M&A Acquistion OTC market Phytotherapeutics Nutraceuticals Traditional remedies Manufacturing Distribution
