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GSK Offloads Popular German OTCs To PharmaSGP

 
• By Tom Gallen

GSK divests non-core German OTC portfolio to local player PharmaSGP, which says it has gained "established brands" in the pain-relief and sleep-aid categories.

German flag on european map
• Source: Alamy

GlaxoSmithKline has divested a small portfolio of OTC brands marketed in Germany and neighboring countries to chemical-free consumer health specialist PharmaSGP GmbH.

Gräfelfing, Germany-based PharmaSGP will pay around €80m ($95m) for the basket of four brands, which generated sales in excess of...

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