Vetter opens logistics warehouse and secures loan

- Last updated on GMT

Vetter opens logistics warehouse and secures loan
CDMO Vetter Pharma International has opened a new temperature-controlled warehouse and secured a multimillion Euro loan for further investment. 

The €35m ($45m) facility in the Ravensburg, Germany is a complex of high-bay storage units for pharmaceutical products, which is capable of both cool and low-temperature storage. Vetter – which has been working on the facility since last year​ – says it will employ 400 people at the site.

Managing director Thomas Otto said: “Our state-of-the-art Center for Visual Inspection and Logistics is a fundamental part of our system of rapid and reliable delivery to our customers worldwide​."

The opening comes just a few days after Vetter secured a triple-digit million euro syndicated loan with a consortium of renowned banks led by Deutsche Bank AG, the Landesbank Baden-Wurttemberg, and Commerzbank AG

In a statement release last month the firm said the five-year loan – the size of which was not disclosed - will position it for growth, citing contract filling capacity and facility modernization as likely areas of investment.

Related news

Show more

Related products

show more

Validating The Simoa Technology

Validating The Simoa Technology

Frontage Laboratories | 01-Oct-2019 | Technical / White Paper

Frontage is the first and only laboratory to validate Quanterix’ Simoa HD1 Analyzer for performing immunoassays. Most of the advanced instruments used...

Related suppliers

Follow us


View more