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DSM and JLL form $2-billion pharma services firm by merging DSM Pharmaceutical Products with Patheon

12:06 AM MST | November 19, 2013 | Deepti Ramesh

DSM and JLL Partners (New York), a middle-market private equity firm, will create a new company, which will be a leading, global contract development and manufacturing organization (CDMO) for the pharmaceutical industry and with anticipated sales of about $2 billion in 2014, DSM says. The company will be formed by combining DSM Pharmaceutical Products (Parsippany, NJ), the custom manufacturing and technology business of DSM, with Patheon (Toronto), a portfolio company of JLL. The new company will be 51% owned by JLL and 49% by DSM. The name of the new company...

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