Portal de Alcantarilla
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The company Olon, belonging to the Italian pharmaceutical holding P & R, has reached an agreement to acquire 100% of the shares of Infa Group, which owns Derivatives Chemicals, pending the necessary authorization from the antitrust authorities.
The company Olon, belonging to the Italian pharmaceutical holding P & R, has reached an agreement with the Infa Group which acquired 100% of the shares of Infa Group, which owns Derivatives Chemicals, pending such acquisition of approval of the relevant antitrust authorities being .
Olon is a leading manufacturer of active pharmaceutical ingredients and has five production plants in northern Italy where more than 800 people work.
By buying the Infa Group, will also incorporate its more than 400 employees, spread over two floors of Italian manufacturing -Labochim and Sifavitor- and the Derivatives Chemicals that is located in Alcantarilla (Murcia).
With this acquisition, the combined turnover will exceed 300 million euros and will substantially increase the portfolio of products and the possibilities for innovation and technological development.
The Delegate of Olon Director and Deputy Director of Infa have said "We are very pleased with the agreement we have reached with him as one of the most important European research groups and manufacture of active pharmaceutical ingredients is created".
Derivatives Chemicals plant that has been in Infa Group since 2008, keep the same function as so far, ie the manufacture of active pharmaceutical intermediates.
It will continue to work closely with regional authorities and making their utmost efforts to cooperate with municipal authorities in order to continue to generate local employment and ensuring sustainable development of Sewell.
Source: Derivados Químicos
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