Brazil’s top sports nutrition firm snapped up by Valeant Pharmaceuticals

By Elaine Watson

- Last updated on GMT

Related tags: Sports nutrition, Dietary supplements

Brazil’s top sports nutrition firm snapped up by Valeant Pharmaceuticals
Canadian firm Valeant Pharmaceuticals International has acquired Brazil’s leading sports nutrition and food supplements maker Probiótica Laboratorios in a $150m deal.

Probiótica, which generated revenues of R$80m in 2011, is predicting double-digit growth is 2012.

Valeant chief executive J. Michael Pearson said: "We are excited about this new opportunity in Brazil. The sports nutrition and food supplement market has outperformed the rest of the market and Probiótica’s strong reputation in Brazil makes it a perfect fit into our growing consumer portfolio.

“With a continued emphasis on healthier lifestyles and fitness, we believe we have a unique opportunity not only in Brazil, but in potential export markets as well."

Ontario-based Valeant is a specialty pharmaceutical company that makes a range of products primarily in the areas of neurology, dermatology and branded generics.

Probiótica – which sells its products in more than 23 countries – claims to be the largest South American importer of whey protein for the sports nutrition market.

It also sells a wide range of dietary supplements from fish oils to calcium supplements.

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