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Ajinomoto Co., Inc. Agrees To Acquire Althea Technologies, Inc.
Date:3/6/2013

SAN DIEGO, March 6, 2013 /PRNewswire/ -- Ajinomoto Co., Inc. ("Ajinomoto Co."; TYO: 2802) and Althea Technologies, Inc. ("Althea Technologies"), announced today that they have entered into a definitive agreement by which Ajinomoto Co. will acquire Althea Technologies, a leading provider of biopharmaceutical development and manufacturing services, subject to the terms of the definitive agreement (including the satisfaction of customary closing conditions).

(Logo: http://photos.prnewswire.com/prnh/20121024/LA98976LOGO)

Under the terms of the merger agreement, Ajinomoto will acquire all of the capital stock in Althea Technologies. In connection with the transaction, Ajinomoto has committed to continuing to provide the highest quality services to Althea's customers.

"We are thrilled that the company we founded 15 years ago will have the opportunity to accelerate its growth under the leadership of a highly successful global company, such as Ajinomoto," stated Dr. Magda Marquet and Dr. François Ferré, Founders of Althea Technologies. "We are very pleased with the depth of Ajinomoto's commitment to our brand, our strong culture and the development of our employees."

"We welcome and are honored to have Ajinomoto as the new owner of Althea," stated Matt Mackowski , Chairman of Telegraph Hill Partners and Co-Chair of Althea. "They will be delighted, as we have been, to work with Althea's extraordinarily talented and capable team of professionals who have made a practice of exceeding customer expectations while building one of the world's best companies in biopharmaceutical contract manufacturing." 

"This is a great day for Althea, our employees, our customers and investors," commented Rick Hancock , President and CEO of Althea Tec
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SOURCE Althea Technologies, Inc.
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