Dipharma Francis S.r.l. Announces Closing Of The Agreement For The Sale Of Amino Chemicals Ltd. To Aba Chemicals Corporation Ltd.
Dipharma Francis S.r.l., a leading European manufacturer of Active Pharmaceutical Ingredients,
announced today, June 30th, 2017, that it has completed the sale of its subsidiary Amino Chemicals Ltd.,
based in Malta, to ABA Chemicals Corporation Ltd., headquarters in Jiangsu, China.
The agreement was signed on May 15th, 2017.
Amino Chemicals Ltd. was founded 1992, and became part of Dipharma Group in 1999. Marc-Olivier Geinoz, Chief Executive Officer of Dipharma Francis S.r.l., stated “This transaction will offer great opportunities for collaboration between Dipharma Group and ABA Chemicals Corporation, including new business opportunities with China, the world’s second largest pharmaceutical market. It will also provide Dipharma and its shareholders with additional resources to invest in strategic projects”.
Tong Cai, Chairman of ABA Chemicals Corporation Ltd., commented: "Dipharma Group is a respected partner of ABA Chemicals. Our relationship with Amino Chemicals started more than ten years ago. This transaction will establish ABA's operations in Europe and strengthen the co-operation between ABA and Dipharma. Amino Chemicals will be our important stepstone for further international development."
About Dipharma Francis S.r.l..
With consolidated sales of EUR 122 mio. (USD 135 mio.) in 2016, Dipharma is one of the leading European manufacturers of Active Pharmaceutical Ingredients. Its three manufacturing sites located in northern Italy have been successfully inspected by the major health authorities for over 45 years. Dipharma develops innovative chemical processes and crystalline forms for the most renowned pharmaceutical companies around the globe. Its manufacturing facilities supply from laboratory to industrial quantities whilst complying fully with the most stringent quality standards.
About ABA Chemicals Corporation Ltd.
ABA Chemicals is a publicly listed company in China with market cap of ca. US$1bn. ABA Chemicals is a leading API and CMO producer in China with three manufacturing sites in Jiangsu Province and three R&D centers in Shanghai. ABA Chemicals is a trusted supplier for the world’s leading chemical and pharmaceutical clients. It has a total revenue of about $100m in 2016 and 1,200 employees in total.
Amino Chemicals Ltd. was founded 1992, and became part of Dipharma Group in 1999. Marc-Olivier Geinoz, Chief Executive Officer of Dipharma Francis S.r.l., stated “This transaction will offer great opportunities for collaboration between Dipharma Group and ABA Chemicals Corporation, including new business opportunities with China, the world’s second largest pharmaceutical market. It will also provide Dipharma and its shareholders with additional resources to invest in strategic projects”.
Tong Cai, Chairman of ABA Chemicals Corporation Ltd., commented: "Dipharma Group is a respected partner of ABA Chemicals. Our relationship with Amino Chemicals started more than ten years ago. This transaction will establish ABA's operations in Europe and strengthen the co-operation between ABA and Dipharma. Amino Chemicals will be our important stepstone for further international development."
About Dipharma Francis S.r.l..
With consolidated sales of EUR 122 mio. (USD 135 mio.) in 2016, Dipharma is one of the leading European manufacturers of Active Pharmaceutical Ingredients. Its three manufacturing sites located in northern Italy have been successfully inspected by the major health authorities for over 45 years. Dipharma develops innovative chemical processes and crystalline forms for the most renowned pharmaceutical companies around the globe. Its manufacturing facilities supply from laboratory to industrial quantities whilst complying fully with the most stringent quality standards.
About ABA Chemicals Corporation Ltd.
ABA Chemicals is a publicly listed company in China with market cap of ca. US$1bn. ABA Chemicals is a leading API and CMO producer in China with three manufacturing sites in Jiangsu Province and three R&D centers in Shanghai. ABA Chemicals is a trusted supplier for the world’s leading chemical and pharmaceutical clients. It has a total revenue of about $100m in 2016 and 1,200 employees in total.