Sanofi to acquire BMP Sunstone
French pharmaceutical giant Sanofi-Aventis announced Thursday that it was acquiring BMP Sunstone, a Montgomery County-headquartered company that manufactures and markets a range of health-care products in China, for about $520 million.
French pharmaceutical giant Sanofi-Aventis announced Thursday that it was acquiring BMP Sunstone, a Montgomery County-headquartered company that manufactures and markets a range of health-care products in China, for about $520 million.
BMP Sunstone has its headquarters in Plymouth Meeting but offers Western health-care companies entry to the Chinese market. It has a market cap of $414 million; its 2009 sales were about $147 million.
BMP Sunstone has established two of China's most recognized product lines: Hao Wawa (Good Baby), the leading pediatric cough and cold brand in China, and Kang Fu Te (Confort) a hygiene brand for women's health care.
Sanofi-Aventis has operations in Great Valley, although it is reducing it staffing there, and has a plant in Swiftwater, Monroe County.
BMP shares were trading at $9.84, up 1 cent, at midafternoon. - Christopher K. Hepp
























