Zydus Lifesciences announces acquisition of 50% stake in Sterling Biotech's API business
Acquiring Company
Zydus Wellness
Acquired Company
Sterling Biotech
AhmedabadMumbaiManufacturingHealth CareFood And BeverageDietary SupplementsNutritionManufacturingBiotechnologyDescription
Zydus Lifesciences has announced a crucial acquisition deal involving the acquisition of 50% stake in Sterling Biotech Ltd's Active Pharmaceutical Ingredients (API) Business. This strategic move aims to expand Zydus's portfolio and leverage SBL's fermentation-based products expertise and manufacturing facility in proximity to Zydus's existing facility.
Quick answer
Zydus Wellness is acquiring Sterling Biotech, announced September 17, 2024. Zydus Wellness is based in Ahmedabad, Gujarat, India.
- How much did Zydus Wellness pay for Sterling Biotech?
- The deal value was not disclosed.
- What does Zydus Wellness do?
- Zydus Wellness Ltd is a leading player in the wellness sector, offering a range of health-oriented products.
- Where are Zydus Wellness and Sterling Biotech based?
- Zydus Wellness is based in Ahmedabad, Gujarat, India. Sterling Biotech is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at Zydus Wellness?
- Fundz holds 2 contacts at Zydus Wellness. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Food And Beverage and Dietary Supplements
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Zydus Lifesciences acquires 50% stake in Sterling Biotech from Perfect Day to establish joint venture for fermented animal-free protein manufacturing (August 24, 2024)
- Trinity Biotech plc acquires EpiCapture Limited to expand into oncology diagnostics (October 25, 2024)
- Merck completes acquisition of Modifi Biosciences, Inc. to advance DNA modification enabled cancer therapeutics (October 23, 2024)
- Merck completes acquisition of investigational B-Cell depletion therapy, CN201, from Curon Biopharmaceutical (October 1, 2024)
- Vitalograph acquires Morgan Scientific to strengthen US commercial footprint (September 23, 2024)
- Veridian Healthcare completes acquisition of Zewa, Inc. to expand its RPM and telehealth segments (September 4, 2024)
Who to call at Zydus Wellness, and when
When Zydus Wellness changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Zydus Wellness raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Zydus Wellness, from your own LinkedIn network
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Frequently asked
Who acquired Sterling Biotech?
Sterling Biotech was acquired by Zydus Wellness, based in Ahmedabad. The deal was reported on September 17, 2024. Zydus Wellness Ltd is a leading player in the wellness sector, offering a range of health-oriented products. The company focuses on providing innovative solutions to cater to consumer needs. Zydus Wellness is privately held and operates in Manufacturing.
When did Zydus Wellness acquire Sterling Biotech?
Zydus Wellness's acquisition of Sterling Biotech was reported on September 17, 2024. Zydus Lifesciences has announced a crucial acquisition deal involving the acquisition of 50% stake in Sterling Biotech Ltd's Active Pharmaceutical Ingredients (API) Business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sterling Biotech do?
Sterling Biotech is engaged in the manufacturing and sale of fermentation-based API products and gelatine. Post the acquisition by Zydus Lifesciences, it will become a 50:50 joint venture with equal representation on the Board. It is privately held, operating in Manufacturing, and is based in Mumbai.
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