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Indoco Builds On Recent Growth With Acquisition In US

 
• By Dave Wallace

Indoco says it has marked a major milestone with a $4m deal to take a controlling stake in US firm Florida Pharmaceutical Products, strengthening the Indian company’s position in the US market.

Florida state sign in front of blue sky and cloud
Indoco has strengthened its US position with the Florida deal • Source: Shutterstock

Indoco Remedies says it has marked a “significant milestone, solidifying its position as a key player in the US market,” by agreeing a deal to pay $4m for an 85% equity stake in the holding company of Florida Pharmaceutical Products.

The Indian firm has acquired the controlling stake in FPP Holding – a US marketer and distributor which is based in

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