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Ipca Adds To API Business By Acquiring Ramdev

 
• By Penelope MacRae

India’s Ipca is boosting its API business with a deal to acquire local firm Ramdev Chemical for INR1.1bn in cash.

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Ipca’s deal will expand its API business and help it target global markets • Source: Shutterstock

India’s Ipca Laboratories has announced its third acquisition in two years with a deal to buy manufacturer Ramdev Chemical Ltd for INR1.1bn ($15.7mn). Ipca said the acquisition would allow the company to “grow its active pharmaceutical ingredient (API) business by adding new molecules in its products basket, with the possibility of forward-integrating such products in its dosage formulations business for the world market.”

Ipca will purchase 100% of shares in Ramdev, which is based in the Palghar district of the western Indian state of Maharashtra. The firm employs 170 staff and manufactures and...

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