Regulated information
Nazareth (Belgium)/Rotterdam (The Netherlands), 14 April 2022 – 7.00 AM CET
Highlights
- Continued rollout of disciplined acquisition strategy
- Acquisition of Hiperscan in Germany and Curaphar in the Netherlands further strengthens position in key markets
- Letco acquisition and simultaneous divestment of 80% of contract manufacturing division in North America
- Pharma-Pack acquisition in Belgium
Rafael Padilla, CEO of Fagron:
“We have delivered robust results in the first quarter of 2022 through organic growth and M&A activities even though we are in the midst of an unpredictable operating environment given the lingering impact from COVID, ongoing supply chain challenges as well as rising inflation.
In line with our disciplined acquisition strategy, we completed three acquisitions in the first quarter of this year with a view to solidifying our position in key European markets. We also strengthened our position in North America with the acquisition of Letco, the integration of which is progressing as planned. We remain committed to further consolidating the market and adding capabilities to Fagron through a rigorous assessment of market opportunities.
Supported by the favorable underlying secular trends from increased personalization and healthcare focus globally, we remain committed to our strategic priorities and feel confident in our ability to deliver to our mid-term targets, despite the current challenging environment.”
