Sanofi-Aventis has entered into an agreement to acquire the company Laboratoire Oenobiol, a provider of nutritional, health and beauty supplements.
The closing of the transaction is expected to happen in the fourth quarter of 2009, subject to the clearance of antitrust authorities.
Nicolas Cartier, general manager of Sanofi-Aventis France, said: "The acquisition of Oenobiol will complete and reinforce our presence on the French market and is fully in line with Sanofi-Aventis's strategy to become a global and diversified healthcare leader.
"This emblematic brand is well-known and conveys an image of quality and trust, with a strong scientific backing. We are very happy to welcome the women and men of Laboratoire Oenobiol into the Sanofi-Aventis family, to benefit from their skills while giving them access to sanofi-Aventis's healthcare expertise and development resources."
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
News Provided by
