Vetter Prepares for Further Growth
4/26/2012 10:58:34 AM
RAVENSBURG, Germany--(BUSINESS WIRE)--As part of its business growth strategy, Vetter, a leading contract development and manufacturing organization (CDMO), has announced that a triple-digit million euro syndicated loan has been arranged with a consortium of renowned banks led by Deutsche Bank AG, the Landesbank Baden-Württemberg, and Commerzbank AG at the end of march. The five-year credit facility will secure Vetter’s plans for additional investments in its facilities and production capacities. Thanks to this syndicated loan, Vetter will manage to set a course for continued success and expand its leading role in the international pharma and biotech market.