Lianhetech Complete Aquisition Of Fine Industries
Announcing Completion of Acquisition of Fine Industries Limited including its subsidiaries Fine Organics Ltd. and Fine Environmental Services Ltd. by Lianhe Chemical Technology Co., Ltd.
Lianhetech is delighted to announce today the completion of the acquisition of Fine Industries Limited, including its subsidiaries Fine Organics Ltd. and Fine Environmental Services Ltd based in Middlesborough, UK.
Lianhetech has acquired the entire issued share capital of Fine Industries Group, previously owned by NorthEdge Capital based in Manchester, UK.
22 February 2017
China based life sciences company Lianhe Chemical Technology intend to expand it's portfolio of product development & manufacturing services and solutions.
Lianhetch have agreed to acquire Fine Industries Ltd., based in Middlesbrough, UK, including its subsidiaries Fine Organics Ltd. and Fine Environmental Services Ltd. from NorthEdge Capital, based in Manchester, UK. Gaining Fine Industries will enable Lianhetech to move closer to customers and markets in Crop Protection, Pharma and Performance Chemicals
With around 220 employees, the Fine Industries Group is a well established European contract development & manufacturing company delivering high quality products and solutions to the life sciences and chemical industry. Operating an FDA inspected and approved site at Seal Sands, the Fine Industries Group develops and manufactures complex intermediates and actives for its agrochemical and pharma clients, as well as a broad portfolio of solutions for the specialty chemicals market. Fine Industries Group's annual revenues exceed $60 million.
Lianhetech’s Board Chairwoman & President Ms Maggie Wang said the acquisition provides the geographic presence, capability and expertise needed to provide better services and solutions and leveraging Lianhetech’s state-of-the-art technologies for our customers worldwide.
"We expect Fine Industries Group’s customer base, expertise and capabilities to strengthen our organization’s offerings as a global solution provider", she commented.
The acquisition is subject to the usual regulatory approval conditions.