Lonza concludes divestment of peptides business and operations

Facility in Braine-l’Alleud sold to PolyPeptide

04-Jan-2017 - Belgium

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Lonza has concluded the divestment of its peptides Business located in Braine-l’Alleud, (BE) to PolyPeptide Laboratories Holding (PPL). The facility, with approximately 280 employees, was the center for peptide chemical development and manufacturing within Lonza. The intention to divest was announced at the beginning of December 2016.

PolyPeptide Group announced that the harmonization of procedures at the Belgian facility to ensure consistency, continuity and quality within its expanded Group will be implemented in the coming months. The integration process is expected to be seamless to customers.

The financial terms of the transaction are not disclosed. As announced early December, Lonza has booked a non-cash related write-off of CHF 44 million. Furthermore, Lonza will also book a CHF 29 million non-cash currency translation impact in the first half of 2017.

https://www.bionity.com/en/news/161221/lonza-concludes-divestment-of-peptides-business-and-operations.html