Imperial Logistics has acquired a 53% interest in Eco Health, a pharmaceutical distributor in Nigeria, for a cash consideration of US$74 million. Based in Lagos, Nigeria, Eco Health also has operations in Ghana and Dubai. It partners with pharmaceutical companies to distribute, sell and market their products, and has longstanding contracts with multinational principals. Outlining the rationale for the transaction, Imperial CEO Hubert Brody says Eco Health provides Imperial with a base and platform for future growth in Nigeria and other African markets. “We now have a strategic and predetermined route into the French West African market, in particular,” he added. Eco Health handles around 30% of all of the pharmaceuticals sold and distributed throughout Nigeria.
Imperial's Nigerian acquisition
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