Bliss GVS Acquires Majority Stake In Kremoint Pharma
by Paritosh Gajjar
@Bliss_GVS has acquired 70% management stake in @Kremoint Private Limited, a BSE filing stated. The amount of investment is not disclosed.
The acquisition is aimed at boosting the company's manufacturing and export of pharmaceuticals.
Kremoint Pharma, commenced manufacturing operations in 1994 under Ashwin.K.Thakkar and is a manufacturer, exporter and supplier of various types of ointments and cream and gel formulations which includes antibiotics, corticosteroids, antiseptic and anti-inflammatory type of combinations. It exports its various pharmaceutical formulations to countries like Congo, Nairobi, Dubai and Nigeria.
Johnson&Johnson is planning to sell of its two FMCG brands which include Savlon antiseptic soap and liquids, and Shower to Shower talcum powder brands in India for a consideration value of above INR 3000 Mn.
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