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Sweden's Karo Snaps Up LEO's OTC Derma Brands

 
• By Tom Gallen

Karo Pharma will pay LEO Pharma €90m for a basket of dermatology and anti-hemorrhoid brands to expand its European footprint.

MergerAcquisition
• Source: Shutterstock

Sweden’s Karo Pharma AB is poised to beef up its consumer health portfolio by acquiring a basket of brands from Denmark’s Leo Pharma AS for €90m ($101m). The transaction is expected to close during the first quarter of 2020, subject to regulatory approval.

Karo said the acquisition would strengthen its position in Europe, notably in the DACH region (Germany, Austria and Switzerland), and...

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