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Aceto Corporation
Agreement signed to acquire biopharmaceutical distribution subsidiary of Roche
January 14th, 2004
Aceto Corporation (ACET), a global distributor of pharmaceutical and specialty chemicals, announced that it has signed a definitive agreement to acquire Pharma Waldhof, an ultimate subsidiary of Roche Holding AG, Switzerland, for an undisclosed amount. Aceto will fund the acquisition with cash on hand and will not incur or assume any debt in connection with the transaction. Based in Dusseldorf, Germany, Pharma Waldhof distributes biologically-derived active pharmaceutical ingredients (APIs) currently used in therapeutic and diagnostic products. It is a worldwide provider of a patent-protected, biologically-derived API used for a widely used...
Source: Biotech Week (2004-01-14)
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