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STADA Buys Six Of GSK's Consumer Brand

Germany's STADA Group (STDAY.PK) said that it agreed to acquire five skin care brands as well as a pediatric cough remedy from GlaxoSmithKline Plc. (GSK.L,GSK). It expects to complete the deal in August 2019.

The entire production of the five skin care products will be transferred to Thornton & Ross, the company said.

The brand portfolios, to be acquired from GSK, include itch relief cream Eurax, antiseptic cream Savlon, Tixylix cough liquids, skin care brand Ceridal, and coal-tar based dandruff shampoo Polytar.

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