French pharmaceutical major Sanofi is to acquire the Indian nutraceuticals company Universal Medicare.

The transaction is expected to close in the fourth quarter of this year. Although no financial details of the deal have been disclosed, it is reported that the acquisition is valued at approximately $110m.

Universal Medicare’s portfolio includes antioxidants, vitamins, mineral supplements, anti-arthritics and liver tonics.

Universal employs 750 staff and the company’s turnover for the year that ended March 2011 stood at around $23.87m.