The US arm of the Hyderabad-based company had last month won a bankruptcy auction for the firm with its bid
Hyderabad, Dec 11, 2014: Aurobindo Pharma has completed the acquisition of nutritional supplement maker Natrol Inc.
The US arm of the Hyderabad-based company had last month won a bankruptcy auction for the firm with its bid of $132.5 million.
The assets have been acquired under a wholly-owned subsidiary, Nature Acquisition LLC, and since changed to Natrol LLC.
N Govindarajan, Managing Director, Aurobindo, said in a release: “Natrol comes with certain well-established brands and an extensive distribution network consisting of retail pharmacy chains and specialty health-food stores.”
Mesrop Khoudagoulian, Natrol CEO, said the company was looking forward to work with the Aurobindo team to further expand its over-the-counter product portfolio and reach.Business Line
