Meda has signed an agreement to acquire MidNite, a over-the-counter sleeping aid.


Meda, MidNite, sleep aid, sleeping aid, Anders Lönner, Concepts In Health


































































































































































































































INSIDE THIS ISSUE
News
Opinion
Other Services
Reprints / E-Prints
Submit News
White Papers

Supplier News Breaks Archives

Meda to purchase U.S. sleep aid product

December 7th, 2012

SOLNA, Sweden – Meda has signed an agreement to acquire MidNite, a over-the-counter sleeping aid.

The Sweden-based company said Friday that the MidNite brand is well-established in the United States and holds a market-leading position in an expanding category.

Marketed by Concepts In Health Inc., the MidNite product line also includes MidNite PM and MidNite for Menopause.

Meda said the acquisition is expected to be accretive to earnings in 2013. Terms of the transaction weren't disclosed.

"This acquisition enhances our presence in the U.S. ahead of other future OTC launches," Anders Lönner, chief executive officer of Meda AB, said in a statement.

Advertisement