"After having formally launched STADA Philippines, we are now fully enabled to execute our growth ambitions in this market as well. The acquisition of FERN will help us to succeed. The acquisition of these products is in line with our strategy to strengthen our portfolio with well-established consumer healthcare brands and also expand in selected emerging markets." ~Peter Goldschmidt, STADA CEO
STADA Philippines has acquired FERN, one of the leading Vitamin C brand in the market. The event is one of Stada's efforts in expanding its reach and extending its services primarily here in the Philippines and the Asia Pacific. One of the first steps they took was the acquisition of Fern-C, one of the leading vitamin Cs in the country.
Stada is a German pharmaceutical company known for its diverse generics and consumer health portfolio. Stada has been a reliable and trustworthy part of Europe for over 120 years and is present in more than 30 countries.
"STADA had been helping people by marking high-quality products. That is why STADA is always on the lookout for acquisitions and partnerships. With the acquisition of these established brands, it will further STADA's vision to be a trusted partner that provides high-quality, holistic care for the people. With both STADA and FERN carrying heritage, we will be able to provide better health for Filipinos." ~Gary Clark, STADA Asia Pacific Managing Director
In the Philippines, Stada is known in the field of ophthalmology but is now expanding external partners that can boost sales and marketing for more commercial opportunities.
STADA has a long history of selling pharmaceutical products into the Philippines, formerly through Croma Medic Inc. which was required by STADA in early 2000 and recently renamed into STADA Philippines.
"FERN has not only an established brand heritage but also a complete range for adults as well as for the pediatric application. With FERN in our portfolio, we will establish a strong consumer healthcare platform to launch other quality medicines as well and provide better health for all Filipinos. With our successful portfolio expansion activities, we are able to offer quality medicines at reasonable prices, across all segments of healthcare, especially, generics and consumer health." ~Sharmaine Abarientos, General Manager of STADA Philippines
As the global manufacturer of high-quality generic drugs and consumer healthcare products, STADA is acquiring the FERN portfolio in the Philippines, one of the leading brands in the growing local Vitamin C market.
The product range consists of FERN-C, a Vitamin C product that has been in the market for 15 years and FERN-C Kidz and Kiddimin - two products for the vitamin supply for children.
STADA Arzneimittel AG sells its products in approximately 20 countries. In the financial year 2018, STADA achieved adjusted Group sales of EUR 2,330.8 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of EUR 503.5 million. As of December 31, 2018, STADA employed 10,416 people worldwide.
For more information about STADA visit www.stada.com
About STADA Arzneimittel AG
STADA Arzneimittel AG is headquartered in Bad Vilbel, Germany. The company focuses on a two-pillar strategy consisting of generics, including specialty pharmaceuticals and non-prescription consumer health products. Worldwide, STADA Arzneimittel AG sells its products in approximately 120 countries. In the financial year 2018, STADA achieved adjusted Group sales of EUR 2,330.8 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of EUR 503.5 million. As of December 31, 2018, STADA employed 10,416 people worldwide.
Additional information for journalists
STADA Arzneimittel AG / Media Relations / Stadastrasse 2-18 / 61118 Bad Vilbel – Germany / Phone: +49 (0) 6101 603-165 / Fax: +49 (0) 6101 603-215 / E-Mail: press@stada.de
Additional information for capital market participants
STADA Arzneimittel AG / Investor & Creditor Relations / Stadastrasse 2-18 / 61118 Bad Vilbel – Germany / Phone: +49 (0) 6101 603-4689 / Fax: +49 (0) 6101 603-215 / E-mail: ir@stada.de
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