Adcock Ingram on the hunt for new brands
The return of demand for over-the-counter and prescription medicines helped lift Adcock's headline earnings in its year to end-June
25 August 2022 - 08:05
UPDATED 25 August 2022 - 13:50
SA’s second-biggest pharmaceutical manufacturer, Adcock Ingram, is still on the acquisition trail and is particularly keen to add well-established personal care brands to its stable, CEO Andy Hall said on Thursday, as the company released its annual results to end-June.
“We did a lot of work on two fairly big acquisitions in the past year. Neither came off, but we are still on the lookout,” he said. The company preferred not to build brands from scratch and wanted ideally to acquire brands that were at least 10 years old, he said...
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