AMRI acquires Cedarburg Pharmaceuticals $41 million improving AMRI revenue
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AMRI completes acquisition of Cedarburg Pharmaceuticals

10:39 AM, 7th April 2014
MRI acquires Cedarburg Pharmaceuticals

ALBANY, US: AMRI has completed the previously announced acquisition of Cedarburg Pharmaceuticals, Inc. Cedarburg, is a contract developer and manufacturer of technically complex active pharmaceutical ingredients (API) for both generic and branded customers. Total consideration paid was $41 million, including assumption of certain liabilities. AMRI financed the transaction with cash on hand. The acquisition is expected to add between $13 and $14 million to AMRI’s revenue in 2014.

The transaction is consistent with AMRI’s strategy to be the preeminent supplier of custom and complex drug development services and product to both the branded and generic pharmaceutical industry. Customers will benefit from access to a greater breadth of resources, including development of complex API, expanded scale-up capabilities and large scale manufacturing in lower cost environments.

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