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news.Aesica expects to acquire current UCB manufacturing businesses in Germany and Italy, under an agreement signed between UCB and Aesica.
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The agreement is part of UCB‘s strategy to optimise its manufacturing network in line with the evolution of its portfolio and includes the manufacturing sites of Monheim and Zwickau in Germany and Pianezza in Italy.
UCB said that following the acquisition around 600 employees in the three affected sites will continue their activity and be transferred to Aesica.
UCB CEO Roch Doliveux said that this new partnership is part of UCB’s strategy to optimise its manufacturing network while securing long-term supply for the products and to ensure a long-term future to the sites and their employees.
Aesica CEO Robert Hardy said that the acquisition of the three manufacturing sites from UCB is strategically crucial for Aesica as they extend and enhance their current offering and presence in Europe.
Subject to antitrust clearance, closing is expected for the first quarter of 2011.