Pharma Industry
Industry: Email Alert RSS FeedBASF and Takeda to Merge Bulk Vitamins Units.(Brief Article)
Chemical Market Reporter, July, 2000
As PART OF ITS [epsilon]60O million (about $600 million) investment strategy for its vitamins business, BASF Aktiengesellschaft has signed an agreement with Takeda Chemical Industries Ltd. to merge their bulk vitamins businesses in a deal that will give the combined new entity roughly 30 percent of the global vitamins market.
The agreement, which has been approved by the boards of both companies, includes a transfer of part of Takeda's assets. Takeda will transfer the shares of a number of its subsidiaries to BASF, including Takeda Vitamin & Food USA, and that unit's subsidiary, Takeda Canada Vitamin and Food in Toronto. Takeda Europe GmbH in Germany, and Takeda Vitamin & Food Asia Pte. Ltd., in Singapore, will also be transferred. Also included in...
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