Pharma Industry
Industry: Email Alert RSS FeedRhodia's Acquisition of ChiRex Underscores Fine Chem Biz.(Brief Article)
Chemical Market Reporter, July, 2000 by CHANG, JOSEPH
Wall Street says Cambrex could be the next target. IN THE LATEST deal highlighting the chemical industry's growing appetite for fine chemicals, France-based Rhodia SA has agreed to acquire ChiRex Inc. for $31.25 per share in cash, or $545 million including the assumption of $35 million in debt.
The deal could have positive implications for Cambrex and Catalytica, the two remaining public pharmaceutical fine chemical manufacturers in the US (related stories, pages 6 and 8). "This acquisition reflects our corporate strategy of building leadership positions in specialty businesses with high value-added activities and strong growth potential," says Rhodia chairman and CEO JeanPierre Tirouflet. "One major area of focus, where we have been gaining...
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