STERLING WINTHROP INC., ELF SANOFI ALLIANCE AGREES IN PRINCIPLE TO ACQUIRE DAKOTA PHARMA S.A.
NEW YORK, Nov. 16 /PRNewswire/ -- Sterling Winthrop Inc. confirmed today that with its alliance partner, Elf Sanofi, the company has agreed to finalize, within the near future, an agreement in principle to acquire Dakota Pharma S.A., currently owned by Swiss chemical manufacturer Siegfried. This agreement will allow the alliance to reinforce its position in its hospital-based business with the addition of Dakota's oncology and other hospital-based products. The acquisition of Dakota, a French company founded in 1986, will provide Sanofi Winthrop operations in France with a complimentary product line and enable it to reinforce its position within the French market. The alliance remains committed to growing its business both through existing business as well as other alliances, collaborations and acquisitions where possible. The decision to pursue the Dakota Pharma company is consistent with the alliance's commitment to strengthening its global marketing and sales infrastructures. Sterling Winthrop Inc. is a global developer, manufacturer and marketer of pharmaceuticals and consumer health products. Headquartered in New York, Sterling Winthrop is a subsidiary of Eastman Kodak Company (NYSE: EK). -0- 11/16/93 /CONTACT: Carol J. Perlman of Sterling Winthrop, 212-907-2724/ (EK)
CO: Sterling Winthrop Inc.; Elf Sanofi; Dakota Pharma S.A. ST: New York IN: MTC SU: TNM
MP-JG -- NY095 -- 4234 11/16/93 17:06 EST
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|Date:||Nov 16, 1993|
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