Venture Life Group has agreed to sell its contract manufacturing businesses—Biokosmes SRL and Venture Life Manufacturing AB—to BioDue and its private equity backer The Riverside Company for €62 million (about $69 million) in cash. The deal also includes some non-core products and is expected to close in the third quarter this year, pending regulatory approvals in Italy and Sweden, according to Alliance News. The Berkshire, England-based company says the sale marks a strategic shift toward becoming a pure-play consumer healthcare brand.
Read the full article: Riverside’s BioDue Buys VLG’s Contract Manufacturing Business //
Source: https://www.themiddlemarket.com/latest-news/riversides-biodue-buys-vlgs-contract-manufacturing-business