Retail News Breaks
Alliance Boots closes purchase of Latin American drug chains
August 13th, 2014
LONDON – Walgreen Co. partner Alliance Boots has completed its acquisition of Farmacias Ahumada (FASA), the retail pharmacy business of Mexico-based Grupo Casa Saba S.A.B. de C.V.
With the deal, announced in May, Alliance Boots picks up two major Latin American drug chains operated by FASA: Farmacias Benavides and Farmacias Ahumada.
Farmacias Benavides is the third-largest pharmacy retailer in Mexico, with around 1,000 stores, and Farmacias Ahumada is one of the three largest drug chains in Chile, with about 400 stores.
Combined, the drug chains' revenue is about £835 million, or $1.39 billion.
Farmacias Ahumada's store networks comprise five formats — Farmacias Ahumada, Native, Farmarebajas, GNC and Guapa — in 98 cities, primarily in the central region of Chile.
The Farmacias Benavides pharmacy network in Mexico provides medicines and pharmacy products, convenience items, and health and beauty products in 21 states (over 150 cities, including Mexico City) and the Federal District.
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