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Bayer AG. (11/3/14). "Press Release: Bayer Completes Acquisition of Dihon Pharmaceutical Group Co., Ltd. in China [Not intended for U.S. and UK Media]". Leverkusen.

Organisations Organisation Bayer HealthCare AG
  Group Bayer (Group)
  Organisation 2 Dihon Pharmaceutical Group Co., Ltd.
  Group Bayer (Group)
Product Product DRUGS–OTC
Index term Index term Dihon Pharmaceutical–Bayer: investment, 201411 acquisition for CNY3.6b=€460m
Persons Person Dekkers, Marijn E. (Bayer 201001–201612 CEO before Thermo Fisher CEO TO LEAVE Bayer 12/16)
  Person 2 Brandicourt, Olivier (Sanofi 201508 CEO before CEO of Bayer HealthCare before Pfizer Inc)
     


Not intended for U.S. and UK Media



Transaction strengthens Consumer Care business and moves Bayer HealthCare to a leading OTC position in key growth country


Bayer has completed the acquisition of 100 percent of the shares of Dihon Pharmaceutical Group Co., Ltd., Kunming, Yunnan, China, a privately held pharmaceutical company specializing primarily in over-the-counter (OTC) dermatology products and herbal traditional Chinese medicine (TCM) products for various women’s health indications. Bayer paid a purchase price of CNY 3.6 billion (approximately EUR 460 million).

“This acquisition is further evidence of our aim to strengthen our Life Sciences portfolio with strategic bolt-on acquisitions,” said Dr. Marijn Dekkers, CEO of Bayer AG. “In conjunction with the recently completed acquisition of Merck Consumer Care, this acquisition moves us into the leading position in the OTC industry in China. It also brings a portfolio of well-known consumer brands, which will allow us to provide consumers with an even broader range of self-care options.”

“Dihon’s management team, shareholders and employees have built a strong business in China with a track record of success,” said Dr. Olivier Brandicourt, CEO of Bayer HealthCare AG. “We are delighted to bring Dihon’s outstanding brands into our growing OTC portfolio and to leverage the knowledge and expertise of our new employee base to further grow and develop these self-care solutions to the benefit of consumers across China and other parts of the world.”

Dihon generated sales of EUR 123 million in 2013. The company employs approximately 2,400 people in R&D, manufacturing, sales and marketing. In addition to operations in China, Dihon brands are sold in other countries such as Nigeria, Vietnam, Myanmar and Cambodia. Dihon’s headquarters is located in Kunming, China. The company also has several manufacturing sites throughout China.


About Bayer HealthCare

The Bayer Group is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. Bayer HealthCare, a subgroup of Bayer AG with annual sales of EUR 18.9 billion (2013), is one of the world’s leading, innovative companies in the healthcare and medical products industry and is based in Leverkusen, Germany. The company combines the global activities of the Animal Health, Consumer Care, Medical Care and Pharmaceuticals divisions. Bayer HealthCare’s aim is to discover, develop, manufacture and market products that will improve human and animal health worldwide. Bayer HealthCare has a global workforce of 56,000 employees (Dec 31, 2013) and is represented in more than 100 countries. More information is available at www.healthcare.bayer.com.

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Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

   
Record changed: 2017-04-02

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