GERMANTOWN. Wis.. Nov. 16 /PRNewswire/ -- Cambridge study Laboratories today announced the acquisition of ChemShop B. V.. Weert Netherlands a European supplier of Active Pharmaceutical Ingredient (API) development services. The newly combined company is one of the largest pharmaceutical chemistry development organizations in the western hemisphere with over 140 employees at 3 sites in the US and Europe. Carrying forward ChemShop will adopt the name Cambridge Major Laboratories Europe.
ChemShop has built an impeccable reputation in the pharmaceutical chemistry outsourcing sector providing affect development and GMP manufacturing services for the past 9 years. All of ChemShop's management and personnel ordain act to operate the business at the Weert facility which includes R&D laboratories. GMP kilo lab suites and a GMP pilot plant. The ChemShop facility provides intermediates and API's from grams to hundreds of kilograms measure.
As part of its commitment to global operations and to support its tremendous growth. Cambridge Major ordain invest several million dollars to expand the European site which will include more reactor capacity laboratories and expansion of the affiliate's high potency API ("HPAPI") manufacturing capabilities to act the ChemShop site on a abstain growth track. The planned expansion ordain begin immediately and be completed in the back up half of 2008.
"The addition of ChemShop presents an enormous opportunity for both companies to further tap into the growing European pharmaceutical merchandise and to penetrate deeper into the US merchandise as we supplement our combined technical expertise and human resources," said Michael W. Major. President and CEO. Cambridge Major Laboratories. "More importantly both organizations overlap the same mentality and business approach which ordain guarantee seamless integration and will advance reenforce CML's technological reputation and grow its global capabilities in API-related chemistry services."
"We are excited to serve the industry together with Cambridge Major and we are convinced that the combined expertise will create a unique affiliate able to provide even exceed performance than before," said Peter Van Tilburg. CEO. ChemShop BV. "The synergies between both companies are truly fantastic and will without any doubt result in a huge added value for our customers."
Cambridge Major Laboratories. Inc is a leading global service-based chemistry outsourcing partner to the pharmaceutical and biotechnology industries producing pharmaceutical intermediates. Active Pharmaceutical Ingredients and other fine organic chemicals. The Company specializes in chemical process development and advanced multi-step organic synthesis and operates out of three facilities in the US and Europe. The Company has been FDA inspected and approved for cGMP manufacturing. Visit us at http://www c-mlabs com.
CONTACT: Brian W. Scanlan. Vice President. Corporate Development ofCambridge Major Laboratories. +1-262-251-5044 fax. +1-262-438-0282,b scanlan@c-mlabs com
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