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Zydus Lifesciences acquires 50% stake in Sterling Biotech from Perfect Day to establish joint venture for fermented animal-free protein manufacturing

Aug 24, 2024•over 1 year ago

Acquiring Company

Zydus Wellness

Acquired Company

Sterling Biotech

AhmedabadMumbaiManufacturingFood And BeverageBiotechnologyManufacturing

Description

Zydus Lifesciences has signed a contract with Perfect Day Inc to acquire 50% stake in Sterling Biotech, forming a 50:50 joint venture. The joint venture aims to establish a manufacturing facility for fermented animal-free protein catering to global markets, marking Zydus' foray into specialized biotech products for health and nutrition.

Company Information

Company

Zydus Wellness

Location

Ahmedabad, Gujarat, India

About

Zydus Wellness Ltd is a leading player in the wellness sector, offering a range of health-oriented products. The company focuses on providing innovative solutions to cater to consumer needs. Through strategic acquisitions, it aims to enhance its market presence and capabilities in the health and wellness industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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