Chemical
IMCD to acquire API portfolio of a Dutch-based distributor
Company has agreed to acquire the API business of Peak International Products
- By ICN Bureau
| November 05, 2020
IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announces that it has successfully signed an agreement to acquire the pharmaceutical business of Peak International Products B.V.
Peak International is a Dutch-based distributor in the active pharmaceutical ingredients business for Benelux, Vietnam, Germany and Israel. The Peak pharmaceutical business generated a revenue of approx. €5.8 million in 2019.
Lodewijk Mellema, Managing Director IMCD Benelux, comments: ‘With this acquisition IMCD expands its active pharmaceutical ingredients business primarily in Benelux and Vietnam and strengthens our company’s formulation and marketing synergies between active pharmaceutical ingredients and excipients in those regions”.
Erik van den Sigtenhorst, CEO Peak International, adds: “I am excited about the prospective of coupling Peak’s position in active pharmaceutical ingredients with IMCD’s geographic coverage, laboratory network and excellence in distribution of excipients. Our existing and future partners will be able to benefit from a significantly increased network within the pharmaceutical industry’’.
The acquired business will be integrated into IMCD Business Group Pharmaceuticals.
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