GSK Offloads Physiogel In North America, Asia To Korea’s LG

GSK will raise around £125m from the sale of skin-care brand Physiogel to LG Household & Healthcare to finance the integration of Pfizer Consumer Healthcare. 

Handshake of businessmen
• Source: Shutterstock

South Korea’s [LG Household & Health Care Ltd.] – a subsidiary of the multinational conglomerate LG Corporation – has acquired from GlaxoSmithKline PLC the rights to the Physiogel skin-care brand in North America and Asia for £125m ($160m).

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