French processing and synthesis specialist Groupe Novasep is
heading to the sun with the acquisition of Bahamas-based
ingredients and intermediates firm PharmaChem Technologies.
Solvay has contracted Novasep to provide synthesis of two active
pharmaceutical ingredients, following Novasep's decision to combine
synthesis and processing expertise.
Rockwood Holdings announced last week that it has reached an
agreement to sell its subsidiary Groupe Novasep to a consortium of
buyers in a transaction valued at €425m.
The marriage between US chemicals group Dynamic Synthesis and
French separations specialist Novasep has been completed, creating
what the new company claims is a unique company to serve the life
sciences industry.
A marriage between US chemicals group Rockwood Specialities and
French separations specialist Novasep will create a unique company
to serve the life sciences industry, according to the two
companies.