International Chemical Investors Group completes the acquisition of the Sandoz site in Frankfurt-Höchst
International Chemical Investors Group (ICIG) today announced the completion of its acquisition of Sandoz Industrial Products GmbH, a Frankfurt-Höchst based manufacturer of enzyme-based fermentation products and intermediates for the pharmaceutical industry, from Novartis Group.
Sandoz Industrial Products GmbH will be re-named Corden BioChem GmbH and will be associated with the CordenPharma Group, the pharma platform of ICIG. Corden BioChem will be complementary to both ICIG’s pharma activities as well as to its fine chemicals activities within the WeylChem Group. The site represents an important additional building block of fermentation-based production technology for ICIG.
ICIG is focused on the continuation and further development of Corden BioChem with the enzymatic 7-ACA business for antibiotics applications at the Höchst site, serving customers worldwide as well as the CordenPharma Latina site in Italy.
About International Chemical Investors Group
International Chemical Investors is a privately owned industrial group with sales in excess of € 2 billion and more than 6,000 employees worldwide. ICIG is focusing on three main platforms: Pharmaceuticals under the CordenPharma brand, Fine Chemicals under the WeylChem brand and Chlorovinyls under the VYNOVA brand. Since inception in 2004, ICIG has acquired 25 independent chemicals and pharmaceutical businesses in Europe and the United States, all of which have origins in major global chemical or pharmaceutical corporations. For more information about International Chemical Investors Group: www.ic-investors.com.
International Chemical Investors Group
Mrs. Sibel Cumcu
An der Hauptwache 5
Phone: +49 69 506 999 0