SOURCE: Industrial Info Resources

Industrial Info Resources

December 23, 2009 05:00 ET

Sanofi Seeks to Grow OTC Consumer Healthcare Platform in the U.S. With $1.9 Billion Chattem Buy, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 23, 2009) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- In the spirit of the current era of industry growth through mergers and acquisitions, drug giant sanofi-aventis (NYSE:SNY) (Paris, France) is set to buy Chattanooga, Tennessee, consumer healthcare company Chattem Incorporated (NASDAQ:CHTT) for $1.9 billion. While sanofi already has a successful international over-the-counter (OTC) and consumer brand business (non-prescription), the company has no direct presence in the United States. This will change with the acquisition of Chattem, a leading OTC and consumer healthcare product manufacturer.

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