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Acquisition Completion Update

13th Sep 2012 14:00

RNS Number : 2040M
United Drug PLC
13 September 2012
 



United Drug plc

Acquisition Completion Update

 

UDG.I UDG.L

 

13 September 2012: Further to the announcements issued by United Drug plc ("UD" or the "Group") on 26 July 2012 and 31 August 2012, the Group confirms that regulatory clearances, for the acquisition of Pharmexx GmbH, have now been received from the Spanish and Portuguese competition authorities. This allows UD to assume control over all parts of Pharmexx not subject to ongoing competition clearance. The formal completion of the transaction will occur once clearance has been given by the Irish Competition Authority.

 

ENDS

For reference:

 

Liam FitzGerald Pauline McAlester Greg Lawless/Lisa Kavanagh

Barry McGrane Irish media UK media

United Drug plc Murray Consultants Powerscourt

Tel: +353-1-4632300 Tel: +353-1-4980300 Tel: +44 207 250 1446

 

About United Drug plc

 

Listed on the Stock Exchanges in London and Dublin, United Drug is a leading international provider of services to healthcare manufacturers and pharmaceutical retailers, with operations in the UK, Ireland, the Netherlands, Belgium, and the USA. 

 

The Company operates across three divisions, Healthcare Supply Chain, Sales, Marketing & Medical, and Packaging & Specialty.

 

In Healthcare Supply Chain, United Drug is the largest pharmaceutical wholesaler in the island of Ireland. It is also the market leader in contract distribution outsourcing (pre-wholesaling) in Ireland and has achieved the No. 1 position in the UK through its joint venture business UniDrug Distribution Group (UDG). The Company provides specials medicines manufacturing and distribution services in the UK. Through its medical & scientific operations, United Drug provides sales & marketing and technical service solutions, including contract distribution services to a wide range of medical & scientific equipment & consumable manufacturers, with a market leading position in Ireland and an emerging presence in the UK.

 

In the Sales, Marketing & Medical division United Drug is the leading provider of contract sales outsourcing services to pharmaceutical manufacturers in the UK and Ireland and has a growing presence in the US market. United Drug also provides related marketing services to pharmaceutical manufacturers in each of these markets.

 

In the Packaging & Specialty division United Drug is a leading international provider of pharmaceutical contract packaging services with facilities in the US, UK, Dutch and Belgian markets. The Company also provides speciality distribution and homecare services in the UK and Ireland.

For more information go to www.united-drug.com. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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