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Web Date: May 15, 2017

Thermo Fisher to buy drug ingredients maker Patheon

$7.2 billion acquisition opens a new business front for the dominant scientific instruments and supplies firm
Department: Business
Keywords: Mergers & acquisitions, active pharmaceutical ingredients, scientific instruments

Thermo Fisher Scientific has reached a deal to acquire Patheon for $7.2 billion, including debt. The transaction will take Thermo Fisher, a leading maker of scientific instruments and lab supplies, into a completely new market: pharmaceutical contract development and manufacturing.

The deal, which is expected to close at the end of this year, combines Thermo Fisher, which has 55,000 employees and annual sales exceeding $18 billion, with Patheon, which has 9,000 employees, mostly in the . . .

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Chemical & Engineering News
ISSN 0009-2347
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