Biesterfeld acquires Distributor of Active Pharmaceutical Ingredients
Effective of August 1, 2016, Biesterfeld Spezialchemie has taken ownership of Hamburg-based company, Schütz & Co. (GmbH & Co. KG). The newly acquired business focuses on the distribution of customised active pharmaceutical ingredients (API) and excipients.
"With Biesterfeld, we are delighted to have found a buyer and partner that will expand and reinforce our successful business model in the long-term," say Rudolf Tiemann and Dr. Reinhold Alt, the long-serving managers and owners of Schütz & Co. "In the future, we will remain on as advisors to Schütz & Co. to ensure its seamless transition and integration into the Biesterfeld Group."
"The service and product range of Schütz & Co. is an ideal addition to Biesterfeld's portfolio for the pharmaceutical and cosmetics industries. Furthermore, the excellent market reputations of both companies will facilitate the mutual expansion of customer and supplier relationships. We will work together to extend the growth opportunities and leverage these in a targeted manner," explains Inge Gotthardt, who is responsible for managing the global LifeScience business at Biesterfeld Spezialchemie. Together with Dr. Nicole Hamelau, Managing Director of Biesterfeld Spezialchemie, she assumes the management of Schütz & Co. as of August 1, 2016.
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