Aptuit to Divest Two Non-Core Sites
News Jan 15, 2015
Dr. Jonathan Goldman, CEO, Aptuit LLC, has announced that Aptuit has divested its aseptic clinical manufacturing site in Glasgow, UK to Albany Molecular Research, Inc., and has entered into a definitive agreement with AMRI to acquire the West Lafayette, Indiana solid-state chemistry business for a total consideration of $60 million.
Dr. Goldman stated, “The sale of these sites to AMRI is part of our strategy to divest non-core assets and invest in our core competency of integrated early discovery to mid-phase drug development. We will continue to deliver world-class drug discovery and development services from our fully integrated, former large pharma R&D center of excellence in Verona, Italy, and our internationally renowned API facility in Oxford, UK. This transaction, which is part of our strategic initiative to grow our integrated offerings, will facilitate reinvestment in our core competencies and allow us to further differentiate our existing, unique capabilities and pursue strategic acquisitions.”
Dr. Goldman explained that Aptuit’s reinvestment strategy will include targeted acquisitions to expand the company’s service offerings and capital expenditure at the Verona facility.
“Our company has expanded by acquisition and organic growth. Future announcements will describe new additions to our capabilities in discovery and non-clinical development, as well as innovative strategic partnerships,” Dr. Goldman added, making it clear that Aptuit is continuing to lead the industry in high quality solutions that reduce cost, time and attrition from discovery to proof of concept.
Dr. Goldman concluded, “We are focused on helping bring safe and effective medicines to market with a service offering that achieves industry-leading speed and economy while delivering excellent value to our customers. Aptuit is committed to being the best-in-class provider of fully integrated drug discovery and development services, supported by a culture of scientific excellence and innovation.”