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Aurelius buys fine chemicals supplier Isochem

01-Mar-2010

Related topics: Contract services (outsourcing), Excipients, raw materials and intermediates, Ingredients, Mergers and acquisitions

German investment group Aurelius AG has acquired French fine chemicals supplier Isochem from state owned firm Groupe SNPE.

Paris-based Isochem makes fine chemicals and phosgene derivatives for the pharmaceutical, cosmetics, agrochemicals and intermediates industries and generates revenues of around €113m a year.

Isochem has a manufacturing network consisting of four facilities in France, one in Kazincbarcika, Hungary, and is also represented in the US, Great Britain and Germany.

SNPE CEO Antoine Gendry said that: “Aurelius is a strong and serious partner for the successful future Isochem.”

Aurelius said its new acquisition has considerable opportunities for growth in new markets and by developing new products, technologies and customer-specific solutions.

The Munich-based group added that it “plans to intensify [Isochem’s] international distribution especially in the US and in Eastern Europe and to improve all operational processes.”

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