Olon acquires fellow Italian CDMO
Italian active pharmaceutical ingredients (API) contract development and manufacturing organization (CDMO) Olon SpA and generics supplier, today announced the acquisition of Capua BioServices SpA, a global provider of CDMO services in the field of microbial fermentation, as part of a continuing expansion of its global footprint.
Financial terms of the acquisition were not disclosed.
Paolo Tubertini, chief executive of Olon, commented: "By acquiring Capua BioServices, Olon will have the opportunity to accelerate growth by adding new CDMO projects and to be recognized as European leader in the CDMO of microbial fermentation (total fermentation capacity of 4.500 m3). It comes with a world-class manufacturing facility and a dedicated team of experts that will support us in delivering high-quality services that meet or exceed customer expectations.
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