Thursday, 9 December 2010

Adolf Merckle and Phoenix

The Phoenix Group, the owners of Rowlands Pharmacy was founded by Adolf Merckle.

Merckle was born in Dresden, Germany into a wealthy family. He was educated as a lawyer, but spent most of his time investing and he developed his grandfather's chemical wholesale company into Germany's largest pharmaceutical wholesaler, Phoenix Pharmahandel. His family also owns the generic drug manufacturer Ratiopharm, and large parts of cement company HeidelbergCement as well as vehicle manufacturer Kässbohrer.

Adolf Merckle committed suicide on January 5, 2009.

Read More: New York Times

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