Tag Archives: Sale

Philips mulls sale of $2.5B home appliance unit to shift more to healthcare

Royal Philips is considering the sale of its kitchen appliance business generating 2.3 billion euros ($ 2.5 billion) in sales as part of Chief Executive Officer Frans van Houten’s revamp of the Dutch company into a focused healthcare equipment maker. Carving out the unit making coffee makers to air purifiers will take 12 to 18… Read More »

Novartis reclaims sterile products plant in Canada after sale goes south  

Call it a marriage gone bad. Novartis is expected to soon regain control of the Sandoz Boucherville sterile drug manufacturing site in Canada that it sold to Avara Pharmaceuticals last year. It turns out the relationship went bad almost as soon as it was consummated.  The plant and development center that Novartis sold to Avara was… Read More »