United Drug to Buy Bilcare for $61 Million
Published: Aug 20, 2012
The deal is expected to be completed by the end of this month, subject to the fulfilment of closing conditions. The acquired business is owned by Bilcare Limited and has facilities in Pennsylvania in the US and at Crickhowell in Wales. It employs 195 people and gross assets of the business are $16m, while it reported profits of $4.6m in its last financial year. United Drug said the business is complementary to its existing commercial packaging business and will form part of its packaging and speciality division.