Aurobindo completes sale of Natrol

The deal includes its business assets as a going concern with related assets, liabilities, products, brands and employees

Hyderabad: Aurobindo Pharma on Tuesday said it has completed the sale of Natrol LLC, a wholly-owned unit of its US-based subsidiary, to private equity firm New Mountain Capital.

The deal includes its business assets as a going concern with related assets, liabilities, products, brands and employees.

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In October, the company had announced that it had inked an agreement to divest Natrol LLC to private equity firm New Mountain Capital for $550 million.

Aurobindo Pharma had acquired Natrol in December 2014. Natrol’s annual sales for the one year ended March 31, 2020, stood at around $157 million.

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