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Sun Pharmaceutical’s Taro to Acquire Skin Care Products Company Alchemee for $90 Million

Taro Pharmaceutical Industries, part of Sun Pharmaceutical Industries (SUNPHARMA, BOM:524715) has entered into an agreement to acquire Alchemee, formerly known as The Proactiv Company (TPC) for $90 million.

Under the terms of the deal, Taro will acquire skincare products company Alchemee’s entire business and assets all over the world, including the Proactiv brand, according to a Tuesday night filing.

The transaction is expected to be completed by Feb 28.

Price (INR): ₹845.80, Change: ₹+1.95, Percent Change: +0.23%

source: 08:57Feb 23, 2022MT Newswires

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