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Canada: Pharmaceutical divestment forces conglomerate to revise financial outlook

By  |  March 31, 2013

A major Canadian conglomerate has announced its plans to divest its pharmaceutical company and sell the business to Kohl & Frisch Limited for between $80 million and $100 million. AmerisourceBergen Corporation will divest AmerisourceBergen Canada Corporation to the fulltime distributor in a deal that the parties expect to finalize in the year’s third fiscal quarter. ABCC represented about 2 percent of AmerisourceBergen’s total revenues; due to the transaction the company will reportedly revise its planned financial performance expectations.

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