Dabur India Will Buy Namaste Laboratories
Dabur India will buy U.S based-Namaste Laboratories and also the deal is anticipated to close by end of 2010, the U.S. firm mentioned in a press release late on Mon.
The present administration team, headed by Namaste founder as well as CEO Gary Gardner, will continue to run the procedures in their present facility, based on the statement.
The firm didn’t reveal financial information on the deal however the deal may have been appreciated at approximately $100 million. The acquisition will assist Dabur increase it’s presence in Africa, the statement added.
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