Europe in Brief

25 June 2001 00:00  [Source: ICB Americas]

GLAXOSMITHKLINE (GSK) is planning to sell an active ingredients plant at Montrose, Angus, Scotland, as part of the restructuring of its manufacturing operations in the UK. A prospective new owner will be expected to continue to supply GSK with active ingredients under a long-term contract.

SOLVAY is planning to take over Cova Products of the UK, which has a global business in plastic laminates. In an exchange deal with Cova owner Langbein-Pfanhauser Werke (LPW) of Germany, Solvay has also signed a letter of intent to sell its plastics decoration operation to LPW.

PLIVA, the Croatian pharmaceuticals company, is buying for á50 million ($43 million) Degussa's pharmaceuticals affiliate AWD.pharma, Dresden, Germany. AWD is part of Degussa's Asta Medica pharmaceuticals subsidiary, which it is aiming to divest completely by the end of the year.

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly