IVAX COMPLETES THE ACQUISITION OF THE JANITORIAL AND TEXTILES CHEMICALS BUSINESSES OF ELF ATOCHEM NORTH AMERICA, INC.
MIAMI, June 7 /PRNewswire/ -- IVAX Corporation (AMEX: IVX) announced today that it completed the previously announced acquisition of certain assets and liabilities of Elf Atochem's janitorial and textiles chemicals businesses in the United States and Canada (the "business"). The business is involved in the manufacture and sale of products in four specialty chemical areas: industrial and institutional cleaning and maintenance products; detergents and supplies for institutional laundries; textile finishing chemicals for blue jeans and denim apparel; and cleaning and disinfectant chemicals for the dairy and food industry. The acquisition will complement and significantly expand IVAX' existing specialty chemicals business, which is conducted through IVAX' subsidiary, IVAX Industries, Inc. IVAX Corporation is a holding company with subsidiaries involved in specialty chemicals, pharmaceuticals and medical diagnostics. IVAX' principal subsidiaries include Baker Norton Pharmaceuticals, Inc., a developer and marketer of unique brand name pharmaceuticals; Norton Healthcare Limited, a leading manufacturer and marketer of generic pharmaceuticals in the United Kingdom, Ireland and other countries; H N Norton Co., a manufacturer of generic pharmaceuticals in the United States; Goldline Laboratories, Inc., a national marketer of generic prescription and over the counter pharmaceuticals in the United States; Baker Cummins Dermatologicals, Inc., a dermatological products company; Flori Roberts, Inc., a skin care and cosmetics company; DVM Pharmaceuticals Inc., a veterinary products company; Baker Cummins, Inc., a marketer of brand name pharmaceuticals in Canada; Diamedix Corporation, a medical diagnostics company; Delta Biologicals S.r.l., a marketer of medical diagnostic tests and instruments in Italy; and IVAX Industries, Inc., a chemical specialties business. -0- 6/7/93 /CONTACT: Richard C. Pfenniger, Jr., senior vice president-legal affairs of IVAX Corporation, 305-590-2309/ (IVX)
CO: IVAX Corporation; Elf Atochem North America, Inc. ST: Florida IN: MTC SU: TNM
JB-AW -- FL011 -- 6191 06/07/93 16:21 EDT
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|Date:||Jun 7, 1993|
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