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Elementis completes sale of its pharmaceutical manufacturing business

This article was originally posted on Chemical Engineering Online.
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Summary
Elementis plc has completed the sale of its pharmaceutical manufacturing business to Associated British Foods (ABF) for an enterprise value of €34.3 million (about $39.8 million), with net cash proceeds after transaction costs of approximately €30 million. The company said the transaction supports its broader corporate objectives.

What do you think ABF’s strategic rationale is for acquiring this unit, and how should Elementis best deploy the €30 million in proceeds?

Elementis plc (London) has completed the sale of its pharmaceutical manufacturing business to Associated British Foods (ABF). Under the terms of the Transaction, the business was sold for an enterprise value of €34.3 million (equivalent to around $39.8 million), with net cash proceeds after transaction costs of approximately €30 million. The Transaction supports the Group’s […]

The post Elementis completes sale of its pharmaceutical manufacturing business appeared first on Chemical Engineering.

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