Merry Christmas and a Happy New Year from Paolo Tubertini, CEO of Olon SpA
For several years Olon Settimo Torinese plant has been a partner in supplying thermal energy to the urban community heating network of Settimo Torinese which provides citizens, companies and institutions, such as Hospital, Commercial Centers and other industries of the area with heat and sanitary water.
In reference to Olon core business in producing Pharmaceutical products, energy consumption efficiency has been highly regarded by developing the best service integration with the urban community context, especially in Olon Settimo Torinese plant.
In particular, this year Olon has established an agreement with the multinational corporation ENGIE, which took over the acquisition and the management of the local urban heating network.
This new partnership will evolve into the installation of a new production unit in the plant in order to accomplish better use of thermal energy requests by both, the company and the community around.
OLON SPA (P&R Group) ACQUIRES RICERCA BIOSCIENCES CHEMICAL DIVISION IN OHIO (USA)
Acquisition strengthens service offering of global CDMO and Generics provider for research and manufacturing
Milan (Italy) – June 9, 2017 Olon S.p.A., a world leading Active Pharmaceutical Ingredients (API) contract development and manufacturing organization (CDMO) and Generics supplier, announced today the acquisition of Ricerca Biosciences’ Chemical Division of the contract research (CRO) and CDMO based in Concord, Ohio, USA. This acquisition strengthens the service offering of Olon for the pharmaceutical and biotech industry, and to benefits the Ricerca Biosciences customer base by providing large scale manufacturing capabilities in Europe.
Paolo Tubertini, CEO of Olon, commented, "By acquiring a research and manufacturing base in the US, Olon will have the opportunity to accelerate growth by adding new CDMO projects and to develop new Generic products for the American market." Luca Mantovani, OLON Managing Board member, added, "We are delighted to add Ricerca Biosciences to Olon Group, as this strategic step will broaden our contract research and manufacturing services for all our global customers". No financial details were disclosed.
Ricerca Biosciences is a US-based CRO supporting the development and manufacture of APIs and performance materials in support clinical supply, market development and commercial distribution. Ricerca’s extensive process/synthetic chemistry, analytical chemistry and engineering expertise provides a synergy that excels at first-time scale-ups and subsequent development of safe, reliable, robust and cost effective manufacturing processes. Meeting client needs has been the foundation of Ricerca’s business philosophy and is second only to its commitment to safety and regulatory compliance. www.ricerca.com