Snack Maker Orion Slumps After Pharma Acquisition Push
Orion Corp. shares slumped following the company board’s push to acquire an unprofitable pharmaceutical company for more than $400 million. Continue reading
ORION Corp., together with its subsidiaries, engages in the manufacture and sale of various confectionery products in South Korea, China, and internationally. It offers pies, snacks, biscuits, candies, gums, and chocolates; protein drinks/powders, bars/balls bars, and drinks; and granola and granola bars products; and mineral water under the Orion Power, Dr.You, Market O, Market O Nature, and Jeju yongamsoo brands. The company also produces and distributes films; and provides in vitro diagnostics for early detection of cancer, and vaccines for contagious diseases. In addition, it manufactures and sells food and beverage products; processes agriculture products; and manufactures pulp and paper products. The company was formerly known as Tongyang Confectionery Corporation and changed its name to Orion Corporation in 2003. ORION Corp. was founded in 1956 and is headquartered in Seoul, South Korea.
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