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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

SI Group to acquire Albemarle's antioxidants and ibuprofen business

3:29 PM MDT | April 16, 2014 | Vincent Valk

SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing sites in Organgeburg, SC  and Shanghai, as well as technical support services in Baton Rouge, LA and Shanghai. The deal is expected to close later this year. SI Group, a leading producer of phenolic resins, alkylphenolic resins, and alkylated phenols, will gain 500 employees as part of the deal.  While Albemarle does not disclose revenues for the antioxidants, ibuprofen...

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