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Aceto consolidates six acquisitions

Aceto has consolidated and integrated its six manufacturing-related acquisitions of recent years to achieve what it called “a hybrid manufacturing/distribution model providing key benefits to its customers in high-growth end markets”. These include (bio)pharmaceuticals, vaccines, nutraceuticals, agriculture, cosmetics and speciality chemicals. The six are:

* A&C, a global GMP manufacturer of speciality excipients, buffers, process solutions and raw materials for biopharmaceuticals

Preventol boost at Lanxess

At the cost of “a single-digit million euro amount”, Lanxess’s Material Protection Products (MPP) business unit is expanding capacity for the active ingredient Preventol CMK (chlorocresol) at Krefeld-Uerdingen, Germany, by around 50%. This will be completed within Q1 the firm said.

Croda wins fifth ‘Most Admired Companies’ award

Croda International has placed first in the chemical sector for the fifth year running in the Britain’s Most Admired Companies study for 2021. Overall, it placed eights of 280 companies in 27 sectors. Britain’s Most Admired Companies dates back to 1900 and is the UK’s longest running annual survey of corporate reputation. The winners are voted by 300 board representatives, analysts and City commentators, who rank companies from 0 (poor) to 10 (excellent) in 13 criteria.

Albemarle to invest with and in 6K

Albemarle has signed a joint development agreement with 6K, a specialist in microwave-controlled plasma technology, to explore the use of 6K’s UniMelt materials production platform to develop novel lithium battery materials. It has also made an undisclosed investment in 6K through Volta Energy Technologies, a venture capital firm active in the energy storage sector that is already an investor.

Sterling expands in North Carolina

Following on from earlier acquisitions and investments on both sides of the Atlantic, Sterling Pharma Solutions has commenced a $2.1 million expansion project to increase chemical and analytical capabilities at its facility in Cary, North Carolina. The work should be completed by the end of 2022 and will create up to 20 new jobs. This will include five new laboratories: two for R&D, one for scaling up chemical synthesis and others for QC and analytical services.

Added micronisation at Catalent

Catalent has completed a $10 million expansion in large-scale isolator units at its sites in Malvern, Pennsylvania, and Dartford, UK. These provide advanced containment capabilities for the micronisation of highly potent drug compounds.

CordenPharma for sale, reports claim

According to the German business newspaper Handelsblatt, the International Chemical Investors Group (ICIG) intends to sell CordenPharma. A valuation of around €3 billion has been cited. ICIG has, the paper said, has already had meetings with potential buyers and will send out information packs to them by the end January. Neither ICIG nor CordenPharma has made any comment.

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