Media Update: Sanofi completes acquisition of Qunol®
Published By Sanofi [English], Fri, Sep 29, 2023 9:59 AM
Sanofi completes acquisition of Qunol®
Paris, September 29, 2023. Sanofi announced today the completion of its acquisition of Qunol, a U.S.-based market leading brand in health & wellness. This transaction strengthens Sanofi’s Consumer Healthcare’s (CHC) Vitamin, Mineral and Supplements (VMS) category, one of the largest and fastest-growing consumer health categories in the U.S., focusing on the active ‘healthy aging’ segment. With Qunol’s CoQ10 in heart health and Turmeric in joint health, CHC at Sanofi adds a trusted, profitable double-digit growth brand to its U.S. portfolio, focused on chronic conditions with growing consumer demand.
Executive Vice President, Consumer Healthcare, Sanofi
We are excited to finalize our acquisition of Qunol and to enter the growing VMS category in the U.S. With Qunol joining our consumer healthcare portfolio, we reinforce our commitment to bring more health into the hands of people.
Founded in 2006 with the goal of delivering efficacious, science-backed health solutions, Qunol is a market leader in the VMS industry and at the forefront of the fast-growing healthy aging sector. The brand's CoQ10 and Turmeric products are differentiated solutions that combine high-quality ingredients with unique absorption technology to deliver powerful support for heart health and joint health respectively.
With this acquisition, Sanofi continues to pursue growth opportunities and value creation for its consumer healthcare business.
We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people’s lives. Our team, across some 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions.
Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY
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