Glaxo sells brands including Savlon antiseptic cream to Huddersfield firm  Thornton & Ross

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Glaxo sells brands including Savlon antiseptic cream to Huddersfield firm Thornton & Ross

By City & Finance Reporter for the Daily Mail

Published: | Updated:

GSK has sold brands including Savlon

GlaxoSmithKline has sold a clutch of brands including antiseptic cream Savlon in a deal with Huddersfield-based Thornton & Ross.

The deal, which a source close to the process said was valued in the high double digit million pound range, also includes skincare brands, Eurax, Polytar and Oilatum as well as paediatric cough remedy Tixylix.

Thornton & Ross, which was founded in 1922 and was sold to Germany’s Stada Group in 2013, already owns well-known brands such as Covonia and Hedrin. 

Roger Scarlett-Smith, head and executive vice president of Thornton & Ross, said: ‘These acquisitions are indicative of our ambition to be a leading company in consumer health.’

Glaxo shares went up 1.3 per cent, or 20.4p, to 1565.2p yesterday.

 

 

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