SK Capital Partners signs deal to buy Apotex Pharmaceutical Holdings

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TORONTO - Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners.

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Hey there, time traveller!
This article was published 28/09/2022 (1198 days ago), so information in it may no longer be current.

TORONTO – Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners.

Financial terms of the agreement for the Canadian drug company were not immediately available.

Aaron Davenport, managing director at SK Capital, says Apotex is a dynamic, entrepreneurial company with a strong track record of success, underpinned by its diversified product portfolio, robust pipeline of new launches and iconic brand.

Apotex workers walk outside the company plant in Toronto on Friday, April 9, 2021. Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners. THE CANADIAN PRESS/Nathan Denette
Apotex workers walk outside the company plant in Toronto on Friday, April 9, 2021. Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners. THE CANADIAN PRESS/Nathan Denette

Apotex employs nearly 8,000 people around the world in manufacturing, research and development and commercial operations.

It operates in more than 45 countries, with a significant presence in Canada, the United States, Mexico and India.

The deal is subject to customary regulatory conditions.

This report by The Canadian Press was first published Sept. 28, 2022.

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