Financial Times FT.com

Reckitt buys US pharma group

By Jenny Wiggins and Maggie Urry

Published: December 11 2007 02:00 | Last updated: December 11 2007 02:00

Reckitt Benckiser, the UK household goods maker, yesterday agreed to buy Adams Respiratory Therapeutics, a small US pharmaceutical group, for $2.3bn as it outlined plans to build a global empire in over-the-counter drugs.

Adams, which owns cough and congestion drugs Mucinex and Delsym, gives Reckitt a foothold in the US. It now plans to expand sales of the two drugs in overseas markets.

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