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Mergers & Acquisitions

India’s Ipca acquires rival Ramdev Chemical

by Michael McCoy
May 4, 2019 | A version of this story appeared in Volume 97, Issue 18
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The Indian pharmaceutical-chemical maker Ipca Laboratories has acquired Ramdev Chemical for about $16 million. Like Ipca, Ramdev produces fine chemicals, drug intermediates, and active pharmaceutical ingredients (APIs). It has annual sales of about $11 million and 170 employees. Ipca acquired the British pharmaceutical chemistry firm Onyx Scientific in 2011 and the North Carolina API maker Pisgah Labs last year.

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