AMRI completes Oso Biopharmaceuticals Manufacturing acquisition
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AMRI completes acquisition of Oso Biopharmaceuticals Manufacturing

7:53 AM, 3rd July 2014
AMRI completes Oso Biopharmaceuticals Manufacturing acquisition

ALBANY, US: AMRI has completed the acquisition of Oso Biopharmaceuticals Manufacturing, a former portfolio company of Altaris Capital Partners, LLC. The transaction is consistent with AMRI’s strategy to be the preeminent supplier of custom and complex drug product development and manufacturing services to the pharmaceutical industry.

Total consideration paid was $110 million. AMRI financed the transaction with cash on hand. AMRI anticipates full year run-rate synergies of approximately $3.0 million of EBITDA within 12 months of closing and the acquisition is expected to be accretive to AMRI’s 2014 adjusted diluted EPS. AMRI intends to provide investors with updated 2014 guidance for the combined company when it releases its second quarter 2014 financial results on 5 August 2014.

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