Groupe Novasep and Dynamic Synthesis (Rockwood) Plan Merger
Rockwood Specialties Group, Inc., the parent company of Dynamic Synthesis, and Groupe Novasep SAS have announced their intent to merge the Groupe Novasep and Dynamic Synthesis businesses to form a new standalone company within Rockwood. The merger will join together Groupe Novasep's proprietary separation technologies with Dynamic Synthesis' world-class fine chemical capabilities to create a unique, technology-driven company serving the life sciences industry.
The parties expect to enter into a definitive agreement very shortly. The newly formed company will adopt the Groupe Novasep name and will be headquartered in Pompey, France. Roger-Marc Nicoud, founder and CEO of Groupe Novasep, will assume the role of President and CEO of the combined company. Rockwood will be the majority shareholder of Groupe Novasep, and the management will hold a significant stake in the company.
Roger-Marc Nicoud stated, "Groupe Novasep's merger with Dynamic Synthesis brings together two highly capable and complementary organizations. Both companies have unique skills that when joined will allow us to provide our customers the best technical and most economical solutions, whether it be through providing development services, separation systems or contract manufacturing using chemistry, chromatography or a combination of the two. In the life science market today, customers demand higher purity levels, cost efficient solutions, strict regulatory and operational controls, and shorter times to market. Our vision for the new company is to be the integrated and innovative resource customers count on to meet all of these requirements."
The new company, Groupe Novasep, would have had combined revenues in 2003 of approximately EUR300 million ($375 million US). Going forward, its 1,500 employees will serve customers worldwide through its European facilities in France, Germany and Switzerland and branch locations in North America and Asia.
The completion of this transaction is subject to regulatory approvals and other customary conditions. The merger is expected to be completed in the fourth quarter 2004.
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Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!
Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!
