Essity completed the acquisition of a 75% stake in ABIGO Medical for $69m.

Essity, hygiene and health company, completed the acquisition of a 75% stake in ABIGO Medical, which wholesales and distributes prescription drugs, proprietary drugs, and toiletries for $69m. "The acquisition is a good strategic fit for Essity and strengthens the innovation capacity of our Medical Solutions business. ABIGO Medical has leading innovations in advanced wound care that reduce the spread of bacteria without increasing resistance to antibiotics," Magnus Groth, Essity President and CEO.