Chemist + Druggist is part of Informa PLC


This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Lloyds wholesaler deal gets approved before Sainsbury's sale

The competition watchdog has approved Celesio UK's acquisition of a Northern Irish wholesaler, while it deliberates on Lloydspharmacy's buyout of Sainsbury's pharmacy business

Lloydspharmacy's parent company Celesio UK acquired pharmaceutical wholesaler United Drug Sangers as part of a wider €408 million deal, it announced last week (July 20).

Merging Celesio’s wholesaling business AAH Pharmaceuticals with Sangers will create the “leading distributor of pharmaceuticals in Northern Ireland”, it said.

Sangers NI Ltd is a subsidiary of United Drug Plc and delivers around 100,000 pharmacy products to chemists in Northern Ireland every day. It employs around 200 people, according to its website.

Sangers managing director Peter Surgenor will head up the Sangers and AAH Belfast business units. “The integration process will take some time, but this is a great opportunity to combine the best features of both businesses,” he said.

Deadline for Sainsbury's deal looms

Despite approving the Northern Irish deal, government watchdog the Competition and Markets Authority (CMA) told C+D it is "still deliberating" on Lloydspharmacy's planned buyout of Sainsbury's pharmacy business.

The watchdog has raised concerns that the deal – which was scheduled to be completed in February this year – would leave the multiple without any competition in 13 areas.

The deadline for the CMA's ruling has been extended to August 8. A spokesperson told C+D that it would publish an announcement “as soon as possible”.

More details of the Sangers deal

As part of its acquisition of Sangers, Celesio also acquired other businesses owned by Sangers’ parent company UDG Healthcare, including wholesaler United Drug; home healthcare provider TCP, and travel healthcare business MASTA.

 

Do you think the Sainsbury's buyout will impact the market?

Related Content

Topics



Superintendent Pharmacist
Ayrshire
Salary: From £60,000.00 per year

Apply Now
UsernamePublicRestriction

Register

CD008251

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel