The FINANCIAL — Sanofi-aventis announced today the completion of the acquisition of the Australian company Symbion CP Holdings Pty Limited (“Symbion Consumer”) for A$ 560 million.
Symbion Consumer manufactures, markets and distributes nutraceuticals (vitamins & mineral supplements) and over the counter brands throughout Australia and New Zealand. Symbion Consumer has a strong portfolio of premium brands including Natures Own, Cenovis, Bio-organics, Golden Glow and Microgenics.
In 2007, Symbion Consumer sales amounted to around A$ 190 million. Sales will be consolidated by sanofi-aventis as from September 1, 2008.
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