Avesthagen Acquires US Company For $11Mn

Bangalore: Avestha Gengraine Technologies (Avesthagen), a Bangalore-based integrated systems biology company, has bought Renaissance Herbs (RHI), a US dietary supplement company, for $11 million. The acquisition will support Avesthagen''s bio-nutritional business strategy via vertical integration and give access to key markets. RHI is a Delaware-based company, which is a global supplier of proprietary nutritional products. RHI has presence in Japan, via Nippon Shinyaku, and in the US, which together have a market assessed to exceed $20 billion. RHI is a supplier to the largest branded companies and also sells under its own brand, Ayurceutics.