Groupe Novasep and Dynamic Synthesis to merge
Dynamic Synthesis, recently acquired by US-based Rockwood Specialties Group, is to merge with French group Novasep to form a new stand-alone company within Rockwood.
Dynamic Synthesis, recently acquired by US-based Rockwood Specialties Group, is to merge with French group Novasep to form a new stand-alone company within Rockwood.
The merger will join Groupe Novasep's proprietary separation technologies with Dynamic Synthesis' fine chemical capabilities to create a technology-driven company serving the life sciences industry.
The newly formed company will adopt the Groupe Novasep name and will be headquartered in Pompey, France. Roger-Marc Nicoud, founder and ceo of Novasep, will assume the role of president and ceo of the combined company. Rockwood will be the majority shareholder of Groupe Novasep, and the management will hold a significant stake in the company. The parties expect to enter the merger to be completed by the end of the year, subject to regulatory approvals.
'The merger brings together two highly capable and complementary organisations. Both companies have unique skills that when joined will allow us to provide our customers the best technical and most economical solutions, whether it be through providing development services, separation systems or contract manufacturing using chemistry, chromatography or a combination of the two,' said Nicoud. .
'In the life science market today, customers demand higher purity levels, cost efficient solutions, strict regulatory and operational controls, and shorter times to market. Our vision for the new company is to be the integrated and innovative resource customers count on to meet all of these requirements.'
The new company would have had combined revenues in 2003 of approximately €300m. Going forward, its 1,500 employees will serve customers worldwide through its facilities in France, Germany and Switzerland and branch locations in North America and Asia.