A thread: Acquisitions, mergers and demergers of Pharmaceuticals and Chemicals MNCs:
Ciba-Geigy AG, was a swiss pharmaceutical giant formed in 1970 from the merger of Ciba AG and J.R. Geigy SA. Ciba started out in the 1850s as a silk-dyeing business and branched out into pharma.
Ciba-Geigy AG, was a swiss pharmaceutical giant formed in 1970 from the merger of Ciba AG and J.R. Geigy SA. Ciba started out in the 1850s as a silk-dyeing business and branched out into pharma.
In 1996, the pharmaceutical business of Sandoz was merged with Ciba-Geigy to form Novartis and chemicals business of Sandoz was hived off to a different company named Clariant chemicals. Later, in December 1999 , the spin-off and merger of the agrochemical and seed division of...
...Novartis and the agrochemicals and biotechnology research divisions of AstraZeneca led to origin of an agrochemical giant Syngenta. (Astra Zeneca has retained its seed interests, a 50% stake in Advanta, a joint venture with Cosun.) Syngenta India was delisted in 2007 from....
Indian bourses by offering a price of 750 rs. in exit offer.AstraZeneca was formed by the acquisition of Astra AB, a Swedish pharmaceutical company, by Zeneca, a British chemicals and biotechnology company, formerly part of ICI. (Imperial Chemical Industry-ICI, a British MNC....
....giant which was sold to Akzo Nobel, a dutch multinational giant in paint industry.)Later in 1997, the non-pharmaceuticals elements of Novartis were spun out to form a speciality chemical giant - Ciba speciality chemicals ("Ciba" stood for "Chemische Industrie Basel”)......
In 2008, Ciba was acquired by BASF and in April 2009 it was merged into BASF. BASF also had a joint venture with INEOS's indian arm,Styrolution ABS(which was first acquired by Bayer(German) then Lanxees(German) and then INEOS(swiss), but ultimately BASF sold its stake to INEOS
Styrolution ABS was originally incorporated as ABS Plastics in the year 1973 then changed its name to ABS Industries.The company then became a part of the Bayer group and was rechristened as “Bayer ABS”. In early 2004, Bayer Group globally decided carving out of styrenic–based...
Polymer products, beside other business, into a new group Lanxess, the said business was then globally transferred to a 100% subsidiary of Bayer AG to a Company styled as Lanxess Deutschland GmbH.The 3rd major global Chemical giant INEOS Group, approx. turnover of 45 $ Bn......
entered into an agreement with Lanxess AG,Germany,to acquire majority stake in Lanxess ABS to become INEOS ABS. Then BASF made a joint venture with it and changed its name to Styrolution ABS.Finally, BASF sold its stake to INEOS and the name changed to INEOS Styrolution.(Listed)
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Knoll Pharmaceuticals was a pharma giant founded by Albert Knoll and Hans Knoll in Germany in 1886. The company was taken over by BASF in 1975, which sold it to Abbott Laboratories on 30 June 2002 for $6.9 billion.
Duphar Interfran Ltd (DIL) was established in 1951. It then demerged it's pharmaceutical business into Solvay pharma which was sold and merged into Abbott india in 2010. DIL continued with Vit.D manufacturing business. The name of DIL has been changed to Fermenta Biotech (Listed)
Smith, Kline & French company also known as SKF pharma was merged with Beckman instruments in 1982 and finally with Beecham group in 1989 to form a giant called Smithkline Beecham. In 2000, Glaxo acquired Smithkline Beecham and merged with it to become Glaxo Smithkline pharma.
In the early years, Horlicks, manufactured by Horlicks Limited, Slough, England was being imported and sold in India. The year 1955 saw a change in the import policy following which the import of Horlicks was stopped. In 1956-57, a team from Horlicks Limited visited India to....
... explore the possibilities of setting up a plant. With the support of the then Maharaja of Nabha, His Highness Pratap Singh, a plant was set up at Nabha, in Punjab. Thus in 1958, Horlicks promoted an indian subsidiary called Hindustan Milkfood Manufacturers Pvt. Ltd.
In 1969, Beecham plc., acquired Horlicks Limited and became the majority shareholder in Hindustan Milkfood Manufacturers Limited. Ten years later in 1979, Beecham India (Pvt) Ltd. merged with Hindustan Milkfood Manufacturers Limited and the name was changed to HMM Ltd in 1991.
Beecham plc., UK and SmithKline, USA merged in 1989 to form SmithKline Beecham plc so HMM thus became part of SmithKline Beecham Consumer Brands. In 1994,the name of the Company was changed to SmithKline Beecham Consumer Healthcare Ltd. & Finally in 2000, it became GSK consumer.
Finally in 2019, GSK Consumer was sold to Unilever plc. And subsequently merged with it. GSK got whooping 32000 cr. for its Horlicks brand.(contributing 90% sales of the company)Thus, a great company with an interesting history is finally delisted from the Indian bourses in 2020.
