Danish-Swedish dairy products group Arla Foods has sold its Semper Clinical Nutrition unit to Swiss pharmaceuticals company Novartis for an undisclosed sum.
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Semper Clinical Nutrition, which is a unit of Arla’s Swedish foods subsidiary Semper, makes clinical food and dietary supplements. The unit has an annual turnover of DKr100m (US$15.8m).
The sale forms part of Arla’s long-term strategy to focus on its core activities, reported the Danish News Digest.
