Avecia sells SDM business to Copperhead

Published: 25-Nov-2004

UK-based Avecia Group has sold its Special Drug Mixtures (SDM) business to Copperhead Chemical Company, of Tamaqua, Pennsylvania. Details of the transaction were not disclosed.


UK-based Avecia Group has sold its Special Drug Mixtures (SDM) business to Copperhead Chemical Company, of Tamaqua, Pennsylvania. Details of the transaction were not disclosed.

The SDM business is centred on a line of standard and custom nitroglycerin mixtures used in the treatment of angina and congestive heart failure.

'Copperhead Chemical is the exclusive manufacturer of the active ingredient nitroglycerin used by the SDM business, and this acquisition will bring us closer to the customer base that we have served indirectly for many years,' said Eric Brooks, president of Copperhead Chemical. 'The acquisition of the SDM business is a natural fit for our company and will be a seamless transition for customers.'

  

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