MEXICO CITY--(BUSINESS WIRE)--March 17, 2005--Grupo Comercial e Industrial Marzam S.A. de C.V. ("Grupo Marzam"), a leading wholesale distributor of pharmaceutical products in Mexico, announced today that JPMorgan Partners, a private equity affiliate of J.P. Morgan Chase & Co, sold the Company to a group of private Mexican investors led by Joseph Sitt.
Grupo Marzam is the third largest wholesale distributor of pharmaceutical products in Mexico, with 15% market share. The company, headquartered in Mexico City, distributes pharmaceutical products to independently owned pharmacies, pharmacy chains, supermarkets and mass merchandisers throughout the country.
