SK Holdings to acquire AMPAC Fine Chemicals
AMPAC Fine Chemicals (AFC), a leading US-based contract development and manufacturing organisation (CDMO) has announced its sale to SK Holdings, an investment holding company of SK Group (South Korea). This acquisition is the largest M&A transaction announced in the Korean pharmaceutical industry.
Since February 2014, HIG Capital has owned AFC. Under its ownership, AFC expanded its manufacturing footprint at the Rancho Cordova, California facility, started AMPAC Analytical, acquired a state-of-the-art plant in Petersburg, Virginia, substantially enhanced its product pipeline and delivered industry-leading growth every year.
SK says it is purchasing AFC because of its unique capabilities, world class facilities, excellent reputation, outstanding people and great growth potential. AFC is SK’s sole CDMO operation in the US and will play a crucial role in SK’s development as a global leader in pharmaceuticals manufacturing.