Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
AMRI completes acquisition of API firm Cedarburg
7:58 AM MDT | April 7, 2014 | Deepti Ramesh
Albany Molecular Research Inc. (AMRI; Albany, NY) says that it has completed the previously announced acquisition of Cedarburg Hauser Pharmaceuticals (Grafton, WI). Total consideration that's been paid is $41 million, including assumption of certain liabilities. AMRI financed the transaction with cash on hand. Cedarburg is a contract developer and manufacturer of technically complex active pharmaceutical ingredients (APIs) for both generic and branded customers. Cedarburg's revenue forecast for full-year 2014 is about $19 million, AMRI says. The acquisition is...
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