South Africa's Adcock Ingram to acquire Genop Holdings

JOHANNESBURG (Reuters) – South African drugmaker Adcock Ingram will buy hit lenses, surgical and skincare products retailer Genop Holdings, it pronounced on Tuesday, a understanding that gives it a association with 400 million rand ($31 million) in annual sales.

Adcock did not divulge a financial sum of a deal, that forms partial of a plan to cut a faith on medication drugs, whose prices are regulated.

Genop specializes in surgical and curative products in a ophthalmic, optometry, skincare, cultured and cosmetic medicine sectors in southern Africa.

Genop and a Epi-max branded skincare operation of consumer products, has intensity for serve line extensions and diversification, pronounced Adcock in statement.

The merger stays theme to regulatory approvals.

Reporting by Tanisha Heiberg; Editing by Tiisetso Motsoeneng

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