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Marathon Distributors Ltd

Marathon Distributors merges with Pharmnet Ltd

 
22/02/2010

Following approval by the Commission for the Protection of Competition, Marathon Distributors merged its operations with those of Pharmnet Ltd, a move that aims to reduce operational costs but at the same time increase the level of customer service.  The merger has led to the creation of the largest logistics service provider of pharmaceuticals and other pharmacy related products in Cyprus with approximately a 35% market share.

 

The merger involved Pharmnet Ltd transferring its operations to Marathon Distributors and buying 33.3% of Marathon Distributors share capital.  Most of Pharmnet’s customer accounts have been signed over to Marathon Distributors and include international companies such as MSD, Reckitt Benckiser, Nutricia, Seven Seas, 3M, Abbott and others.

 

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