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Chairman sees deal as "gateway" to U.S. market.
November 17, 2010
By: TOM BRANNA
Editor
Namaste Laboratories, LLC, the Blue Island, IL maker of Organic Root Stimulator, has been acquired by Dabur India Ltd., through its U.S.-based wholly-owned subsidiary Dermoviva Skin Essentials Inc. The transaction, subject to customary conditions including regulatory reviews and approvals, is expected to close by the end of 2010. The current management team, led by Namaste founder and chief executive officer Gary Gardner, will continue to run the operations of the Namaste business. The...
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