Pharma company Apotex founded by the late Barry Sherman sold to New York firm SK Capital

has been sold to a New York private equity firm. The value of the deal has not been disclosed and regulatory approval is pending.

Sherman founded the company in 1974. Apotex is privately held and details of its revenues and profit are not publicly available. In 2021, Bloomberg estimated based on information from sources that Apotex generated $400 million in annual earnings before interest, taxes, depreciation and amortization. Other industry sources have told the Star that at time of death, revenues were close to $1.6 billion. Parts of Apotex, including its European division, were sold shortly after Sherman was murdered.

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