RESEARCH TRIANGLE PARK, N.C., June 6, 2011 /PRNewswire/ -- (NASDAQ: GRFS). Grifols, a global healthcare company and biopharmaceutical manufacturer based in Barcelona, Spain, today announced the establishment of a new Board of Directors for its U.S. operations, including the appointment of Thomas Glanzmann as Chairman of the Board, who previously was president of another leading global plasma therapeutics business, and the reappointment of Gregory Rich as Chief Executive Officer (CEO) of Grifols U.S. operations.
Thomas Glanzmann was also appointed to direct the integration process because of his past leadership experience in the plasma industry and his history of successfully integrating other companies with plasma product portfolios.
"It is an honor to serve in this capacity and with such an experienced group of professionals," said Thomas Glanzmann. "I look forward to bringing together the outstanding expertise of these two successful companies to create the world's leading plasma company," Mr. Glanzmann said. With the transaction now complete, Grifols will begin the process of integrating the two companies.
Gregory Rich will continue as CEO of Grifols' expanded U.S. operations that now include manufacturing facilities and corporate offices in North Carolina. "Our enlarged presence in the U.S. will provide tremendous opportunities for us to expand patient access to plasma therapies both domestically and around the world," stated Mr. Rich. "As we integrate our two companies into one, our goal is to build on the exceptional customer service and quality operations that people have come to expect from both Grifols and Talecris," said Mr. Rich. With more than thirty years of experience in the plasma industry associated with Grifols, Mr. Rich has driven Grifols' profitability in the U.S., serving as CEO of the US operations since 2003. The combined 2010 U.S. sales for both companies were more than $1.8 billion.
"The combined experience of this Board is unsurpassed in the plasma industry," said Mr. Victor Grifols, President of Grifols, S.A., the parent holding company of Grifols U.S. operations. "The continuity of leadership and oversight from this Board of Directors will assure a successful integration and position us for tremendous growth," continued Mr. Grifols. The new eight-member Board of Directors is composed of individuals with unparalleled experience and proven capabilities, many of whom also serve on the Board of Directors for Grifols, S.A.
In addition to Messrs Glanzmann and Rich, the Board members include:
Additional seats on the Board of Directors for Grifols U.S. operations will be considered as the integration progresses. The new Board of Directors for U.S. operations is fully empanelled and has assumed operational oversight of Grifols U.S. operations, including Talecris. The entire U.S. Board of Directors is meeting in Raleigh, NC, during the first part of June 2011 to formally launch the Talecris integration process.
Grifols is a Spanish holding company that specializes in the pharmaceutical-hospital sector and is present in more than 90 countries. The company's class A shares have been listed on the Spanish Stock Exchange ("Mercado Continuo") since 2006 under the symbol GRF and have been part of the Ibex-35 since 2008. In 2011, the company listed non-voting class B shares on the Mercado Continuo under the symbol GRF.P and in the United States on the NASDAQ under the symbol GRFS.
After the recent purchase of Talecris, Grifols is now the third largest company worldwide in the plasma protein therapies sector, with a balanced and diversified range of products. In upcoming years, the company will strengthen its leadership in the industry as a vertically integrated company, as a result of ongoing investment plans. Grifols is the world leader in plasma collection, with 147 plasma donor centers in the United States to ensure a continued and reliable supply of human plasma for the production of plasma therapies. In terms of production capacity (fractionation), Grifols owns and operates several plants in Spain and the United States that allow the company to respond to the growing market demand. Grifols' sustained growth will be supported by a strong presence in the United States, Canada and Europe, where upcoming sales will represent 53%, 7% and 26%, respectively.
The facts and figures contained in this report which do not refer to historical data are "projections and forward-looking statements". The words and expressions like "believe", "hope", "anticipate", "predict", "expect", "intend", "should", "try to achieve", "estimate", "future" and similar expressions, insofar as they are related to Grifols Group, are used to identify projections and forward-looking statements. These expressions reflect the assumptions, hypothesis, expectations and anticipations of the management team at the date of preparation of this report, which are subject to a number of factors that could make the real results differ considerably. The future results of Grifols Group could be affected by events related to its own activity, such as shortages of raw materials for the manufacture of its products, the launch of competitive products or changes in the regulations of markets in which it operates, among others. At the date of preparation of this report Grifols Group has adopted the measures it considers necessary to offset the possible effects of these events. Grifols, S.A. does not assume any obligation to publicly inform, review or update any projections and forward-looking statements to adapt them to facts or circumstances following the preparation of this report, except as specifically required by law.
This document does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of the Spanish Securities Market Law 24/1988, of July 28, the Royal Decree-Law 5/2005, of March 11, and/or Royal Decree 1310/2005, of November 4, and its implementing regulations.
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