Kent-Athlone Pharma Group has successfully divested Athlone Laboratories, an Irish manufacturer of oral antibiotics, to Gaelic Laboratories to streamline operations and expand market reach.
Information on the Target
Kent-Athlone Pharma Group has acted as the exclusive financial advisor in the sale of Athlone Laboratories, an esteemed Irish manufacturer specializing in oral antibiotic finished dosage forms (FDFs). Athlone Laboratories, a subsidiary of Linnum Holdings and part of the Kent-Athlone Pharma Group, is recognized for its production of semi-synthetic penicillins (SSPs) and focuses on critical oral antibiotic formulations, such as amoxicillin capsules, powders for oral suspension, and flucloxacillin capsules.
With a robust client base, Athlone Laboratories serves customers across Ireland, the United Kingdom, and various European countries including the Netherlands, Belgium, and Germany, as well as other international markets. Post-sale, Kent-Athlone Pharma Group will continue to market and manage the distribution of products manufactured by Athlone Laboratories, which now falls under Gaelic Laboratories.
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Industry Overview in Ireland
The healthcare and pharmaceuticals sector in Ireland is robust and is recognized as a significant contributor to the country's economy. Ireland is home to many multinational pharmaceutical companies, making it a pivotal hub
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Disclosed details
Transaction Size: $140M