MEXICO CITY, Aug. 30 /PRNewswire/ -- Grupo Televisa, S.A.B. and Genomma Lab Internacional, S.A.B. de C.V. announced today that they have signed a strategic alliance agreement to sell and distribute personal care and over the counter pharmaceuticals in the United States and Puerto Rico.
As part of this alliance, TCP will enter into, among others, a product supply agreement with Genomma Lab. Televisa will make available its different media platforms in the United States and Puerto Rico to TCP, which will provide Genomma Lab’s brands with significant advertising in the targeted markets in line with Genomma Lab’s business model.
Subject to certain conditions, the parties contemplate closing the transaction in the following months and launching operations by year end.
Grupo Televisa, S.A.B., is the largest media company in the Spanish-speaking world and a major participant in the international entertainment business. It has interests in television production and broadcasting, production of pay-television networks, international distribution of television programming, direct to home satellite services, cable television and telecommunication services, magazine publishing and publishing distribution, radio production and broadcasting, professional sports and live entertainment, feature-film production and distribution, the operation of an internet portal, and gaming. Grupo Televisa also owns an unconsolidated equity stake in La Sexta, a free-to-air television venture in Spain.
Genomma Lab Internacional, S.A.B. de C.V. is one of the fastest growing pharmaceutical and personal care products companies in Mexico and has an increasing presence in the international markets. Genomma Lab develops, sells and markets a broad range of premium branded products, many of which are leaders in the categories in which they compete in terms of sales and market share. The Company has significantly grown its revenue and profitability through a combination of a successful new product development process, consumer-oriented marketing, a broad retail distribution network and a low-cost, highly flexible operating model.
SOURCE Genomma Lab Internacional, S.A.B. de C.V.
CONTACT: Grupo Televisa S.A.B., Carlos Madrazo, or Maria Jose Cevallos,
+(5255) 5261-2445, fax, +(5255)5261-2494, ir@televisa.com.mx, Manuel
Compean, +(5255) 5728 3815, fax, +(5255) 5728 3632,
mcompean@televisa.com.mx, Genomma Lab Internacional S.A.B. de C.V., Oscar
Villalobos, +(5255) 5081-0000 ext.4250, ovillalobos@genommalab.com
