Lonza concludes divestment of peptides business and operations
Facility in Braine-l’Alleud sold to PolyPeptide
PolyPeptide Group announced that the harmonization of procedures at the Belgian facility to ensure consistency, continuity and quality within its expanded Group will be implemented in the coming months. The integration process is expected to be seamless to customers.
The financial terms of the transaction are not disclosed. As announced early December, Lonza has booked a non-cash related write-off of CHF 44 million. Furthermore, Lonza will also book a CHF 29 million non-cash currency translation impact in the first half of 2017.
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