Logistics major continues pharma acquisition trail

Logistics and supply chain group, Imperial Logistics, has acquired a major stake in pharmaceutical wholesaler Pharmed Pharmaceutical.

Pharmed is a 29-year-old business which specialises in the wholesale supply and distribution of healthcare-related products - including ethical, generic, patent and homeopathic medicines; surgical, dental and veterinary products; and medical equipment.

This acquisition is in line with Imperial’s strategy to integrate pharmaceutical wholesaling and distribution into its service offering, said Imperial Health Sciences managing director, Dr Iain Barton.

Pharmed has warehouse facilities in both Durban and Johannesburg and services more than 5 000 active accounts from the two operations. The company will be integrated into Imperial’s Health Sciences division.

This transaction complements Imperials’ prior acquisition of Eco Health, the pharmaceutical distributor in Nigeria and Fine Pharmaceuticals, a Botswana based pharmaceutical wholesaler – as well as the recent acquisition of Dutch pharmaceutical and medical supplies wholesaler, Imres.