Pharmahouse Ltd. will provide Petrone Group holding with a stronger foothold in the European market, enabling it to respond more effectively to the needs of its clients across the world. The acquisition will increase business opportunities for both Pharmahouse Ltd. and Petrone Group. As a Group Company, Pharmahouse Ltd. will also be able to expand the portfolio of services it offers, ultimately under the Euromed brand.
Petrone Group continues its international growth path and benefits from the experience of local management and its network with a view to business expansion and value creation for customers and suppliers in the global market.
Pharmahouse Ltd. enhances the Group’s presence in global markets. To the historic and well-established branch in Italy, Euromed Pharma adds the UK site to the other existing sites in France, Germany, Ireland, Portugal, Singapore, Spain and the US.
“I am delighted to have completed this transaction with the Petrone Group. The Pharmahouse Ltd. team very much looks forward to continued collaboration and to expanding our product and service offering” said Chris Scott, Pharmahouse Ltd.’s Managing Director and Founder.
“The newly acquired UK division represents another step forward in our mission to provide innovative solutions and reliable pharmaceutical products to healthcare providers worldwide” Petrone Family declared.