88212 Ravensburg, de
Vetter Prepares for Further Growth
A leading CDMO secures triple-digit million euro credit facility
Over the past several years, Vetter has seen constant growth in customer demand, resulting in the need for expanded production capacity. In response, Vetter created its new production site Ravensburg Vetter South and the company's clinical development site in Chicago, Vetter's first U.S. facility. This growth has also led to the continuing need for additional employees. As such, Vetter has created over 300 new jobs in the last year alone. To continue organic growth, Vetter sought the announced credit facility for further investments in new filling capacity, as well as modernizing and expanding existing facilities.
"This syndicated loan allows for continuous investment in our company and keeps us strategically well positioned for the future," said Max Horn, Managing Director at Vetter. "Therefore, combined with our own financial strength, this multi-million-credit facility, from renowned business banks, gives us the financial basis we need. We always seek to use most innovative technologies and processes available within the industry. To do so means that we must continue to adapt our facilities to meet the markets ever-increasing capacity and quality requirements. Such expansion not only provides our customers security of supply but also safeguards jobs for our employees. With this syndicated loan, we have secured our position as a key strategic partner for the development and filling of drugs for our clients now and in the future."
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