Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners.
Financial terms of the agreement for the Canadian drug company were not immediately available.
Aaron Davenport, managing director at SK Capital, says Apotex is a dynamic, entrepreneurial company with a strong track record of success, underpinned by its diversified product portfolio, robust pipeline of new launches and iconic brand.
Apotex employs nearly 8,000 people around the world in manufacturing, research and development and commercial operations.
It operates in more than 45 countries, with a significant presence in Canada, the United States, Mexico and India.
The deal is subject to customary regulatory conditions.
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Apotex was founded by Barry Sherman in 1974. He and his wife Honey Sherman were murdered in their Toronto mansion in 2017.
Last year, police released a video of a possible suspect wanted in connection with the infamous case.
— With files from Ryan Rocca and Gabby Rodrigues
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Toronto police release surveillance video in Sherman murder investigation -
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Video released by Toronto police in effort to identify suspect in Barry and Honey Sherman deaths -
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Sherman deaths: Toronto detective explains why individual identified as suspect instead of person of interest -
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Toronto detective details why they took time to release video of suspect in Sherman deaths -
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Toronto police identify person in security video as suspect in Barry and Honey Sherman deaths -
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Supreme Court of Canada orders documents pertaining to the Sherman estate unsealed
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