Dipharma Francis, a leading European manufacturer of Active Pharmaceutical Ingredients, announced that it has completed the sale of its subsidiary Amino Chemicals Ltd., based in Malta, to ABA Chemicals Corporation Ltd., headquarters in Jiangsu, China.
The agreement was signed on May 15, 2017. Amino Chemicals Ltd. was founded 1992, and became part of Dipharma Group in 1999. Marc-Olivier Geinoz, Chief Executive Officer of Dipharma Francis S.r.l., stated “This transaction will offer great opportunities for collaboration between Dipharma Group and ABA Chemicals Corporation, including new business opportunities with China, the world’s second largest pharmaceutical market. It will also provide Dipharma and its shareholders with additional resources to invest in strategic projects”.
Tong Cai, chairman of ABA Chemicals Corporation Ltd., commented: "Dipharma Group is a respected partner of ABA Chemicals. Our relationship with Amino Chemicals started more than ten years ago. This transaction will establish ABA's operations in Europe and strengthen the co-operation between ABA and Dipharma. Amino Chemicals will be our important stepstone for further international development."
Dipharma francis, malta-based subsidiary, amino chemicals, aba chemicals
