Charles River Laboratories (CRL) has agreed to acquire CiToxLab in a €448 million merger that will create the largest player in the early stage CRO space for the pharmaceuticals industry. The deal is expected to close in Q2, subject to labour consultations, regulatory requirements and customary closing conditions.
Univar has agreed to sell the plastics distribution of Nexeo Solutions to One Rock Capital Partners. This is expected to close within 1H 2019 and net cash proceeds of about $615 million will be used to pay down debt. Both boards have approved the transaction.
Solenis, which was formerly part of Ashland, has completed the transfer of BASF’s paper wet-end and water chemicals, after all of the relevant regulatory approvals were received.