Ranbaxy acquires generics company

Published: 1-Jan-2004


Ranbaxy Laboratory, India's largest pharmaceutical company, has bagged the French generic drug company RPG Aventis for about $70m. The company out-bid several European companies and another Indian company.

The takeover will give Ranbaxy a healthy share in the European generics market, and will enhance its position as a global generics player. Europe is currently the fastest growing market for Ranbaxy though at present it accounts for less than 15% of the company's global sales.

RPG Aventis is one of the leading generic producers in France, and recorded sales of some €48m in 2002.

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