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Business

Aspen To Acquire Merck Business

by Ann M. Thayer
July 1, 2013 | A version of this story appeared in Volume 91, Issue 26

South Africa’s Aspen Group is acquiring an active pharmaceutical ingredients business and the option to buy 11 finished products from Merck & Co. With 2012 sales of $370 million, the API business includes manufacturing plants in the Netherlands, a facility in Iowa, and an Illinois sales office. Aspen will pay about $47 million for the business and $390 million for existing inventory. The deal also includes a 10-year agreement to supply APIs to Merck. Aspen could pay another $600 million for the 11 products, which span several therapeutic areas and netted $248 million in sales last year.

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