• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Aurobindo Pharma Signs Pact To Sell U.S. Unit Natrol

by Udit
October 27, 2020
in News
Reading Time: 2 mins read
0
Aurobindo Pharma Signs Pact To Sell U.S. Unit Natrol
TwitterWhatsappLinkedin

You might also like

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

Aurobindo Pharma Ltd said yesterday that it has agreed to sell its American Nutritional Supplement making unit, Natrol Inc, for $550 million, six years after buying the company.

The drugmaker is selling the Natrol to US-based alternative investment manager, New Mountain Capital, revealed in the stock market disclosure.

Natrol will going to be combined with the Jarrow Formulas, a US-based formulator and supplier of the nutritional supplements.

It will use the proceeds from this sale to cut debt, and for some other new strategic initiatives, Aurobindo Pharma Ltd revealed without giving any much details.

Aurobindo Pharma Ltd had emerged as one of the highest bidders for the acquisition of Natrol and its affiliates in the month of November 2014. It had bid around INR 815 crore to buy Natrol, which was under bankruptcy protection.

The company also revealed that Natrol had been a consistently profitable business after its acquisition. Natrol annual sales for the year ended 31st of March 2020 were around $157 million.

Jefferies served as the financial adviser to the Aurobindo, and on the other hand, Sullivan & Cromwell LLP acted as a legal counsel member.

“Aurobindo is committed to evaluating and concluding strategic options towards focused portfolio enhancement with the ultimate objective of enhancing stakeholder values. We are pleased to sell the Natrol business to an outstanding private equity player, who could focus additional resources to grow Natrol, its products, and brands further,” said N Govindarajan, the firm’s managing director. He added that the proceeds from the sale of Natrol would be used to reduce debt and for other new strategies.

Some other deal-making activities of Aurobindo’s

The company products are spread across major therapeutic areas, which include antiretroviral, anti-allergies, antibiotics, and antidiabetics. The company sells these products in more than 150 countries.

Previously this month, Aurobindo Pharma Ltd took full control of its joint venture firm Eugia by buying the remaining stake from its partner Celon Labs, which is led by Sequoia Capital.

In the month of January last year, Aurobindo had even agreed to acquire all the seven branded oncology injectables from the US-based Spectrum Pharmaceuticals Inc for around $300 million.

Apart from that, in the year 2018, Aurobindo signed a deal to acquire the commercial operations and certain supporting infrastructure assets of Apotex International Inc, a Canadian Pharmaceutical firm, in five European countries for around $86.5 million.

Moreover, in the year 2018, Aurobindo agreed to buy Sandoz generic pills and dermatology US business for around $1 billion.

Tags: Aurobindo Pharma
Tweet54SendShare15
Previous Post

How to backup Android files with ease?

Next Post

Ransomware LockBit hits PTI disrupting services for hours

Udit

Recommended For You

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more

Apple Sues YouTuber Jon Prosser Over iOS 26 Leak

by Anochie Esther
July 19, 2025
0
iOS 26

Apple has launched a federal lawsuit against well-known tech YouTuber Jon Prosser, accusing him of participating in a scheme to illegally access confidential features of iOS 26, months...

Read more
Next Post
PTI

Ransomware LockBit hits PTI disrupting services for hours

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?