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Groupe Novasep to Acquire PharmaChem Technologies (Grand Bahama) Ltd
Date:9/18/2007

worldwide.

Once the transaction is complete both companies will continue to operate under their current entity names and management structure.

About Groupe Novasep

With its headquarters near Nancy (in Eastern France), is a leading partner for the pharmaceutical, food, cosmetics, agrochemicals, and specialty chemicals industries through its two business segments - Novasep Process and Novasep Synthesis. Both strategic businesses are complementary organizations with skills designed to provide technically optimized and economical solutions for the life-science sector and related industries.

About PharmaChem Technologies Limited

PharmaChem Technologies (Grand Bahama) Ltd. is a privately held Bahamian company producing bulk Active Pharmaceutical Ingredients and Registered Intermediates. These products are used everyday to save lives in the whole world and make it a better place to live. PharmaChem's plant which was initially established in 1967 by Syntex Pharmaceuticals and acquired by the current owners in September 2003 is located on a 62 acre facility, of which 22 acres are currently developed, and has benefited over the years from several major upgrades making it a modern facility with an excellent cGMP history, with room for further expansion. The Freeport location gives PharmaChem Technologies a geographical position to easily supply its existing customers in the USA, and with Freeport's own deep water transhipment container port and international airport, the ability to supply customers globally.

Press contact

Groupe Novasep

Mr Jean-Marc Le Rudulier

Marketing & Communication Director

Groupe Novasep

82 Bd de la Moselle -B.P. 50

54340 Pompey - France

Tel : +33-(0)3-83-49-71-46

Mob : +33-(0)6-87-69-06-57

jean-marc.le.rudulier@novasep.com

Press contact

PharmaChem Technologies

Mr Randy Thompson

PharmaC
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SOURCE Groupe Novasep
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