Seton poised for pounds 40m expansion in Europe
Friday 25 July 1997
The company, which sells non-prescription brands like Woodward's gripe water and hi-tech wound healing gels, is believed to have shortlisted five private healthcare companies in northern Europe as potential bid targets. Seton was apparently close to striking a deal with a German company recently, but was unsatisfied with the quality of the deal. Among Seton's target markets are Belgium, Holland, Germany and Scandinavia. Analysts say the company has banking facilities to fund a deal of around pounds 40m without issuing paper.
Seton is believed to be looking to buy a medical products rather than over-the-counter drugs company, with strong, complementary brands in Seton's core areas of wound care, compression treatment and incontinence care. Seton exports around 18 per cent of its sales, using third-party distributors, but is known to be keen to sell directly into Europe to capitalise on the fast-growing hospital products market.
Seton is the UK's second-largest wound care group behind Smith & Nephew, but is a relatively small player outside the UK.
Analysts said that acquiring a business in Europe would give Seton the infrastructure to build a significant non-UK business. "Seton has the critical mass to benefit from a move outside the UK. Selling directly rather than through distributors would give Seton controls over marketing and prices," one analyst said.
People & Business, page 24
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Christmas comes early to Hong Kong, as millions of bank notes spill out onto busy street
- 3 The 'Black Museum': After 150 years, public can visit police’s grisly crime museum
- 4 British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
PlayStation and Xbox hacked by Lizard Squad
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
Boxing Day snowfall set to push even more bargain-hunters online for sales
The 'Black Museum': After 150 years, public can visit police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...