See more news releases in: Cosmetics and Personal Care, Retail, Acquisitions, Mergers and Takeovers
Genomma Lab Internacional Acquires Jockey Club Brand
- The acquisition of the Jockey Club brand reinforces Genomma Lab's presence in the following categories:
***Hair care products (hair coloring for men and hair spray)
***Talcum powder
***Lotions and perfumes
- Genomma Lab continues the acquisition program announced during the Company's initial public offering, which took place in
Jockey Club is a traditional and popular brand in
Genomma Lab's management is convinced that the synergies created with the introduction of the Jockey Club brand to the Company's business platform will have a high potential for increasing sales of these products in the short term and, will facilitate the development, repositioning and marketing of these products.
Genomma Lab paid for the transaction with its own resources at a multiple of 1.3x sales for 2008, for a total of Ps. 42.4 million.
Company Description
Genomma Lab Internacional, S.A.B. de C.V. is a leading over-the-counter pharmaceuticals and personal care products company in
The Company is listed on the Mexican Stock Exchange under the ticker symbol "LAB.B" (Bloomberg: labb.mx).
Web Site: www.genommalab.com
SOURCE Genomma Lab Internacional, S.A.B. de C.V.
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