JAKARTA (Yosefardi) – PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO), producing herbal medicine and engaged in pharmacy industry, plans to acquire pharmaceutical company PT Berlico Mulia Farma which has factory in Sleman, Yogyakarta, for a total consideration value of Rp150 billion.
The acquisition will be completed by end of this month. Berlico has produced 80 products including ethical, OTC, food supplement, and medicated herbal.
As of March this year, SIDO has cash and cash equivalent of Rp1.36 trillion. SIDO’s sales declined 7.7% to Rp520 billion in first quarter of this year while net profit jumped 48% to Rp115.91 billion.
The company targets to book sales of Rp2.8 trillion this year.