Neuland Laboratories has completed the acquisition of manufacturing facility, comprising of land, buildings, plant, machinery and equipment, owned by Arch Pharmalabs situated at Gaddapotharam, Jinnaram Mandal, Sanga Reddy District.
Earlier in November, the company had received board’s approval for purchase of manufacturing facility owned by Arch Pharmalabs under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) from JM Financial Asset Reconstruction Company (JMFARC) by mutual consent.
Neuland Laboratories manufactures active pharmaceutical ingredients for global pharmaceutical companies and provides end-to-end solutions for the pharmaceutical industry for chemistry-related services.
