Sunday, February 24, 2013

Reckitt Benckiser buys Chinese company Golong Medicine of Anhui

Reckitt Benckiser, a British maker of OTC drugs and home products, has bought Golong Medicine of Anhui, a TCM company known for its sore-throat treatment Man Yan Shu Ning. The British company wants to expand its distribution foothold in China as a way to increase revenues from its extensive list of products. It does not intend to take Man Yan Shu Ning to the west. Financial details of the transaction were not disclosed.