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The move puts the company's focus on pharmaceutical ingredients.
February 8, 2021
By: TOM BRANNA
Editor
Lonza is exiting the specialty chemicals business to focus on pharmaceuticals. Bain Capital and Cinven have agreed to purchase Lonza’s specialty ingredients business and operations for an enterprise value of CHF 4.2 billion (about $4.66 billion). “Today’s announcement is the result of a comprehensive and robust selection process. Bain Capital and Cinven have shown they understand the value of the experience and expertise of our specialty ingredients employees,” said Lonza Chairman Albe...
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