Midrand - Local pharmaceutical company Adcock Ingram [JSE:AIP] on Monday announced its acquisition of distribution company Virtual Logistics in a deal to take effect in April 2017, with the aim of expanding its national footprint.
'This acquisition brings us closer to realising our strategic vision of owning a fully compliant network, ' said Adcock managing director of the distribution division Tobie Krige.
“Virtual Logistics has an extensive national footprint across South Africa with tailored solutions for hospitals, pharmacies, clinics, healthcare practices and general retail delivery outlets. This expanded footprint will complement our operational reach and capacity, allowing for improved service levels to customers, especially pharmacies."
To ensure a seamless process, Virtual Logistics managing director and owner Jeanette Charlton will be joining the Adcock Ingram Distribution team.
Adcock Ingram shares were trading at R60.70 on the JSE at around 11:20.
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