Belgian Drug Co. Shores Up US Biz With Okla. Distributor Buy

Law360, New York (April 25, 2013, 2:53 PM EDT) -- Belgium's Arseus NV, the holding company for global drug ingredient manufacturer Fagron, has acquired Oklahoma chemical compound distributor Freedom Pharmaceuticals Inc., both companies said Thursday.

The acquisition will strengthen Fagron's presence and distribution network in the U.S., the pharmaceutical compound company said. Fagron will gain control of Freedom's supply chain and its offices in five states.

Though the price of the deal was not disclosed, Fagron said it paid multiple of five and a half times Freedom's pre-tax earnings. The Tulsa, Okla.-based chemical distributor has projected...
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