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Dishman to Buy Solvay Pharma Business

11:29 AM MDT | August 7, 2007 | Deepti Ramesh

Dishman Pharmaceuticals & Chemicals Ltd. (Ahmedabad, India) says it has signed a memorandum of understanding (MoU) with Solvay Pharmaceuticals (Veenendaal, Netherlands), a unit of Solvay, to acquire Solvay Pharmaceutical’s fine chemicals, vitamin D, and vitamin D analogues business. Terms of the deal were not disclosed. The acquired business focuses on production, marketing, and sales of cholesterol and cholesterol-related products. The companies expect to close the deal this year. All the facilities, activities and employees at the Veenendaal site, as...

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