Germany-based pharmaceutical company, Boehringer Ingelheim (10922165) and the New York-based healthcare company (specializing in vitamins, minerals, nutrition products and herbs), IdeaSphere Inc. recently announced the sale of Boehringer Ingelheim's Natural Healthcare company and business Pharmaton SA (Lugano) to IdeaSphere, Inc.
According to Dr. Alessandro Banchi, Chairman of the Board of Managing Directors at Boehringer Ingelheim and responsible for Marketing and Sales:
"IdeaSphere has been carefully selected as a result of a diligent process and will be the ideal partner to further develop Pharmaton. Boehringer Ingelheim will continue to strengthen its Consumer Healthcare business by further building up the flagship and international core brands, e.g., Dulcolax, Buscopan and Antistax.
Both Pharmaton and IdeaSphere have a common strategic vision and core competencies in the development, production and marketing of natural health and multivitamin products. IdeaSphere's commitment supports the sustainability of the Lugano site and opens future growth opportunities for its management and employees."
IdeaSphere will take over the Pharmaton business and brands in their entirety.
The financial terms of the transaction were not disclosed.
Read the full press release.
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