Sterile liquids pharmaceutical dosages manufacturer, Marck Biosciences Ltd. announced in early December 2010 that it acquired Goa based Ravish Infusion. The acquisition was made on a lock-stock-barrel basis for a total sum of Rs 5.47 crore under auction process from Debt Recovery Tribunal II, Mumbai. The acquisition will enable the company to step up its manufacturing capacity for large volume injectibles by over 33 per cent by March 2011.
Marck also signed a memorandum of understanding (MoU) with Coimbatore based Paragon Steels Pvt Ltd. (Gujarat Inject Kerala Limited) for purchase of its injectibles equipment for Rs 1.5 crore.
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