Deal for Millipore starting to pay off for Merck KGaA
February 23, 2011 by Dave Price
German chemical and drug company Merck KGaA forecasts profit growth of up to 45 percent in 2011 as its post-merger Merck Millipore unit forecasts revenue growth of up to 56 percent.
Recently acquired Millipore pumped nearly $900 million in additional revenues into Merck Group KGaA (XETRA:MRK) during the second half of 2010, including a $465 million, fourth-quarter contribution.
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