CMDO to be acquired by API firm Cambrex

24 July 2018

US active pharmaceutical ingredients (APIs) firm Cambrex Corp (NYSE: CMB) has entered into a definitive agreement to acquire Halo Pharma, a leading dosage form contract development and manufacturing organization (CDMO).

Under the terms of the accord, Cambrex will acquire the majority owned by funds managed by the private investment firm SK Capital Partners, for around $425 million in cash. News of the deal pushed Cambrex shares up 3.57% to $58.05 by close of trading yesterday.

Deal provides entry into finished dosage form market

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