Omega Pharma to make further acquisitions in 2nd half of the year.

Omega Pharma, the Nazareth based drug and cosmetic distributor, said it plans to make mid-sized European acquisitions in the second half of this year, but declined to specify the number of targets. Omega Pharma raised almost € 100 million in a private placement late last year for acquisitions and will use the money to finance its upcoming deals. Omega Pharma is particularly interested in companies with sales of € 5 - 25 million. The company said it would focus exclusively on Western Europe at least until 2010. Earlier this month, it announced the acquisition of 9 smaller Belgian and French companies.
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