Aspen Pharmacare Holdings Limited - Press Release
Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN ISIN: ZAE000023586
Press Release
June 15, 2004
Aspen enters the infant nutritional market
Aspen has entered the infant nutritional market in Sub-Saharan Africa through
securing a licence agreement with Wyeth. Key brands marketed under this
arrangement are the S26 range of infant formulas, Infasoy and SMA. Aspen has
commenced with the marketing of these brands.
In a deal announced today Aspen has concluded an agreement with Royal Numico
N.V., a Dutch specialized nutrition company, to acquire Numico`s South African
Baby Food businesses and the Infacare brand name in South Africa for the
combined sum of R21,7m. Although the Numico business is currently loss making,
the combination of the two businesses will create a business capable of
competing successfully and profitability in the infant nutritional market.
The transaction with Numico is conditional upon Competition Commission and
Exchange Control approvals.
Issued by: Stephen Saad, Aspen Pharmacare Holdings Limited
Group Chief Executive
Tel: +27 31 580-8600
Fax: +27 31 580-8640
Date: 15/06/2004 04:16:23 PM
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