Casa Marzam Announces Sale to Management.Business Editors MEXICO Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. CITY--(BUSINESS WIRE)--April 2, 2002 Casa Marzam S.A. de C.V., a leading wholesale distributor of pharmaceutical products in Mexico, announced today that it has been sold to a group of investors led by its existing management team and backed by JPMorgan Partners, the private equity and venture capital arm of J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Chase & Co. Casa Marzam is the third largest wholesale distributor of pharmaceutical products in Mexico, with 12% market share and annual sales of approximately US$700 million. The company, headquartered in Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi , distributes pharmaceutical products to independently owned pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major , pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. chains, supermarkets and mass merchandisers throughout the country. "We are delighted with the opportunity to partner with JPMorgan Partners. Their strong network in Mexico and their global reputation will help open many doors for our company and enhance our ability to execute and achieve our business objectives," Ernesto Moya, Chairman of Casa Marzam said. "Casa Marzam's proven management team and leading competitive position are hallmarks of the types of enterprises that we seek in building our investment portfolio. We expect the company to benefit from the strong growth prospects in the pharmaceutical distribution industry in Mexico," Robert Velarde, Principal, JPMorgan Partners said. The financial terms of the transaction have not been disclosed. About Casa Marzam Founded in 1934, Casa Marzam is the third largest wholesale distributor of pharmaceutical products in Mexico. The company, headquartered in Mexico City, operates a network of distribution centers throughout the country and employs over 2000 individuals. Casa Marzam distributes pharmaceutical products to independently owned pharmacies, pharmacy chains, supermarkets and mass merchandisers on a nationwide basis. About JPMorgan Partners JPMorgan Partners (JPMP), formerly Chase Capital Partners, is a global partnership with over $30 billion under management. It is a leading provider of private equity and has closed over 1,800 individual transactions since its inception in 1984. JPMP has more than 150 investment professionals in eleven offices throughout the world. JPMorgan Partners' primary limited partner is J.P. Morgan Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ), one of the largest financial institutions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For additional information, please visit our website at www.jpmorganpartners.com |
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