Hester Biosciences has acquired 100% share holding of Gujarat Agrofarm for Rs 52.50 lakh. Gujarat Agrofarm, a company located in Gujarat, is involved in the manufacturing of growth media.
This backward integration by Hester aims at securing for itself a source of growth media used in the production of vaccines. The acquisition would enable Hester in saving over Rs 1.50 crore annually towards growth media procurement costs.
Hester Biosciences is a 100% biotech company producing animal biological. Hester has a state-of-the-art facility to produce live and killed (Inactivated) veterinary vaccines.
