Imperial acquires Nigerian pharmaceutical distributor
The South African company Imperial Logistics, a wholly owned division of Imperial Holdings, has acquired a 53% interest in Eco Health, a leading pharmaceutical distributor in West Africa, for USD 74 million. Based in Lagos (Nigeria), Eco Health also has operations in Ghana and Dubai. It partners with pharmaceutical companies to distribute, sell and market their products, and has longstanding contracts with leading multinational principals.
This acquisition is in line with Imperial Logistics' Africa strategy, which is to focus on the fast moving consumer goods and pharmaceutical sectors. Through the acquisition, Imperial Logistics has secured a specialist management team which strengthens and complements the group's existing skills set in the African logistics industry.