Zydus Lifesciences announces acquisition of 50% stake in Sterling Biotech's API business
Acquiring Company
Zydus Wellness
Acquired Company
Sterling Biotech
AhmedabadMumbaiManufacturingHealth CareFood And BeverageDietary SupplementsNutritionManufacturingBiotechnologyDescription
Zydus Lifesciences has announced a crucial acquisition deal involving the acquisition of 50% stake in Sterling Biotech Ltd's Active Pharmaceutical Ingredients (API) Business. This strategic move aims to expand Zydus's portfolio and leverage SBL's fermentation-based products expertise and manufacturing facility in proximity to Zydus's existing facility.
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Frequently asked
Who acquired Sterling Biotech?
Sterling Biotech was acquired by Zydus Wellness, based in Ahmedabad. The deal was reported on September 17, 2024. 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. Zydus Wellness is privately held and operates in Manufacturing.
When did Zydus Wellness acquire Sterling Biotech?
Zydus Wellness's acquisition of Sterling Biotech was reported on September 17, 2024. Zydus Lifesciences has announced a crucial acquisition deal involving the acquisition of 50% stake in Sterling Biotech Ltd's Active Pharmaceutical Ingredients (API) Business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sterling Biotech do?
Sterling Biotech is engaged in the manufacturing and sale of fermentation-based API products and gelatine. Post the acquisition by Zydus Lifesciences, it will become a 50:50 joint venture with equal representation on the Board. It is privately held, operating in Manufacturing, and is based in Mumbai.
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