KemFine acquires Avecia Fine Chemicals Limited
The combined business will create a major new force in the global fine chemical sector, with a leading position in the supply of contract manufacturing services to the agrochemicals, pharmaceutical and specialty chemical industries.
The acquisition includes all Avecia Fine Chemicals' assets and operations on the 65 hectare site at Grangemouth in Scotland. All 310 Avecia Fine Chemicals' employees are included in the transaction. In 2004, the business recorded sales of GBP 38 million.
Avecia Fine Chemicals Limited will operate as KemFine UK Ltd. with immediate effect. Tom Shields is appointed Managing Director of KemFine UK Ltd. based at the Grangemouth Site.
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