login
Become a member
Quick Registration
Full Registration Benefits -
Free Homepages for Doctors
Free Homepages for Hospitals
Free Homepages for Medical Conference
Free Homepages for NGO's
Personal Health Record Creation
Access to all Medical Slides
Access to all Jobs & Products Sale
Abbott To Acquire Wockhardt’s Nutrition Businesses
Wockhardt, based in Mumbai, has a significant presence in India's pediatric and adult nutrition segments with infant formulas, weaning foods and adult protein supplements. These products hold the number two position in India's pediatric nutrition category with Farex®, Dexolac® and Nusobee® infant formulas and Farex® weaning cereal. The adult protein supplement, Protinex®, is the segment leader. These transactions also include nutrition manufacturing facilities located in Lalru and Jagraon, India.
"This acquisition is an excellent strategic fit for Abbott to accelerate growth of its nutrition business in India, where the nutritional market is expected to experience strong growth in the coming years," said Holger Liepmann, executive vice president, Global Nutrition, Abbott. "Combining these trusted nutrition products, local manufacturing capability and commercial infrastructure with Abbott's existing pediatric and adult nutrition offerings positions Abbott very well to serve Indian consumers."
Abbott's international nutrition business is an important growth driver for the company and has had particularly strong growth in China, Southeast Asia and Latin America in recent years, a press release said.
The acquisition includes approximately 600 employees in total. Abbott has approximately 1,500 employees in India across all of its businesses and has been operating in India since 1910. Abbott offers Isomil®, PediaSure®, Ensure® and Glucerna® in India and plans to introduce additional products from its broad-based nutritional portfolio to Indian consumers in the coming years.
|
|
|
More News on: The Cabbage Diet, Zone Diet, The Mediterranean Diet, The Macrobiotic Diet, Why Do We Eat - Nutrition Facts, Diet Lifestyle and Heart Disease, Magical Millets for Your Health, Dietary Do’s and Don’ts of Ayurveda
 Comment & Contribute
|
Medwonders Health Network
- Health News Index
|
|
- News Quick Links
| News Categories: |
| » | Rock Music at Concerts may Lead to Hearing Problems |
| » | Construction Of 'Intelligent' Robot That Designs Tools on Its Own |
| » | Social Media Helping in Sharing of Information Post Disasters |
| » | 88,000 Racism Incidents Reported in UK Schools Between 2007-2011 |
| » | Expenditure Of 118 Million To Improve Water Quality: Beijing |
| More Life Style News | |
|
