Actavis Divests Norgesplaster

Actavis Group has sold Norgesplaster, its manufacturing facility for plasters and athletic tape and adhesive coating, in Vennesla, Norway, to a Norgesplaster AS. Norgesplaster AS is a legal entity that is owned by private Norwegian investors. The transaction covers all assets and contracts that are related to Norgesplaster.

The former’s focus remains on its core business, generic pharmaceuticals. It will continue to operate a sales and marketing office in Oslo for pharmaceutical products.

Norgesplaster is Norway's leading supplier of plasters and medical grade anchored products. Actavis and Norgesplaster AS will work closely together to ensure that there will be no disruption in supply or services. Current employees will continue to be employed by Norgesplaster.

The transaction was closed on 29 January but will have financial effect from 1 January. The financial details of the transaction are not disclosed