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Evonik Industries AG Rellinghauser Straße 1-11 45128 Essen, Germany http://www.evonik.com
Contact Ms Mareike Biller +49 201 1773002
Company logo of Evonik Industries AG
Evonik Industries AG

Evonik strengthens its exclusive synthesis business in US

(PresseBox) (Essen, )
.
- Evonik acquires Eli Lilly and Company's U.S. Tippecanoe manufacturing site
- Purchase will expand Evonik's exclusive synthesis core business
- Capacity for additional market growth

Essen, Germany-based industrials group Evonik Industries AG has agreed to acquire Indianapolis, Indiana-based Eli Lilly and Company's Tippecanoe Laboratories manufacturing facility in Lafayette, Indiana. The site, which employs about 700, manufactures active pharmaceutical ingredients (API) and precursor materials for the pharmaceutical industry.

The purchase price was not disclosed. The transaction is expected to close by the end of the year, pending approvals from regulatory agencies.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.