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Recordati spends €93mm on Spanish drug company Casen Fleet

Executive Summary

Recordati Industria Chimica & Farmaceutica SPA acquired private Spanish pharmaco Laboratorios Casen Fleet SLU for €93mm ($123mm), just over two times Casen Fleet’s €45.3mm in 2012 revenues. Casen Fleet was the pharmaceutical business of the personal care products firm CB Fleet Co. Inc. (also known as Fleet Laboratories), which bought Casen Fleet in 1996 and is now divesting the subsidiary to focus on the US consumer market.
Deal Industry
  • Pharmaceuticals
  • Pharmaceuticals
    • Nutraceuticals
    • OTC, Consumer
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash

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