George Katzourakis, SVP Head Europe Area, Pharma Europe, said this is an important step for Europharm Distributie, which became one of Romania’s leading drug wholesalers. He added that Europharm Distributie plays an important role on the distribution market of Romanian pharmaceutical products and for GSK in Romania.
The two parties failed to disclose the financial aspects of the transaction.
The agreement was concluded Tuesday between the holding of companies owning GSK and Interbrands Marketing & Distribution.
The transaction is part of GSK’s strategy to focus on the core business, namely, the production of medicines and vaccines.
Europharm Distributie, one of Romania’s top five drug wholesalers, started its activity in 1994.
Interbrands is the largest fast moving consumer goods distributor in Romania. The company is part of Sarkis group, with operations in Cyprus, Bulgaria, Romania, Belarus, Lebanon, Qatar, Iraq and Libya.