| Log in

Sami Labs acquires biotech arm of KCP

11 November, 2014

Bangalore-based Sami Labs Ltd has acquired the biotech arm of KCP, a Chennai-based 73 year old business group with interests in cement, heavy engineering, sugar, power, biotech and IT, for Rs 5 crore, as per a company release.

Sami Labs manufactures and markets phytonutrients and standardised herbal extracts, specialty fine chemicals and organic intermediates used in the nutritional, pharmaceutical and food industries.

With the addition of this manufacturing facility and the existing facility situated at SP Biotech Park Genome Valley in Hyderabad, Sami will have seven manufacturing units across the globe.

“With this new addition we are expecting our output tonnage capacity to go up by 60 to 75 tonnes per day. The next step is to add new products to our kitty of existing ones which will allow us to accelerate new products to market ensuring quality standards,” said Muhammed Majeed, founder and managing director, Sami Labs Ltd.

Majeed established Sabinsa Corporation during the year 1988 in the state of New Jersey, USA with the objective of importing and marketing generic drugs into the US for the drug molecules coming off patent.

Later he introduced into the US market a new line of products based on Indian herbal plants. Sami Labs Limited (formerly known as Sami Chemicals & Extracts Limited) was set up in 1991 in Bangalore as a research and development facility. During 2002, Sabinsa Corporation was merged with Sami Labs through a reverse merger transaction.

Sami-Sabinsa group has grown into a health science multi-national organisation with presence in USA, Europe, Japan, Australia, China, UAE, South Africa, Vietnam and Malaysia.


Leave Your Comment
Sami Labs eyes two more acquisitions in a year

Sami Labs eyes two more acquisitions in a year

Jasleen Kaur Batra 3 years ago
Bangalore-based Sami Labs Ltd that manufactures and markets phytonutrients and...
Sami Labs eyes self-cultivation, B2C model for growth

Sami Labs eyes self-cultivation, B2C model for growth

Debjyoti Roy 2 years ago
Bangalore-based herbal products maker Sami Labs Ltd has chalked out a two...
Emami to buy edible oil brand of Rasoi Group for $2M

Emami to buy edible oil brand of Rasoi Group for $2M

Bhawna Gupta 3 years ago
Emami Biotech Ltd, the edible oil and bio-diesel arm of Rs 8,000 crore Emami...
No Comments

Sami Labs acquires biotech arm of KCP

Powered by WordPress.com VIP