Wockhardt acquires Pinewood in Ireland for $150m

Pharmaceutical and biotechnology major Wockhardt Limited today announced the acquisition of Pinewood Laboratories Ltd, one of the largest branded generic pharmaceutical companies in Ireland.

Wockhardt acquires Pinewood in Ireland for $150m

Pharmaceutical and biotechnology major Wockhardt Limited today announced the acquisition of Pinewood Laboratories Ltd, one of the largest branded generic pharmaceutical companies in Ireland.

The all-cash deal was worth $150m (€117.8m) on an enterprise value basis. Pinewood reported sales of more than $70m (€54.9m) for the year ended June 2006.

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