Tags: SOCMA Member News
Grace Matthews, Inc. and the shareholders of Ritus Corporation, including its subsidiary Classic Molding Company, and Vanseal Corporation (collectively, VRC Holdings Inc., or “VRC”) are pleased to announce the sale of VRC to Blue Point Capital Partners (“Blue Point”). VRC will continue to be led by the current management team, including President Tom Gebhardt. Financial terms of the transaction were not disclosed.
Lonza reported continued positive momentum in its core healthcare businesses in the first six months of 2019. This has driven 6.4% sales and 7.7% CORE EBITDA growth for the group, resulting in a CORE EBITDA margin of 27.8%. Based on H1 2019 results, Lonza confirms the Full-Year 2019 outlook of mid-to-high single-digit sales growth and a sustained CORE EBITDA margin.
Lonza today announced the start of expansion to its bioconjugation facility in Visp, Switzerland together with the successful commercial approval of a third antibody-drug-conjugate (ADC) produced at the site.
H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to sell its surfactants, thickeners and dispersants business to Tiarco, LLC (“Tiarco”), a wholly owned subsidiary of Textile Rubber and Chemical Company, Inc., for $71 million.