Seeking Alpha

Albany acquires specialty contract developer

  • Albany Molecular Research (AMRI) buys Cedarburg Pharmaceuticals, a contract developer and manufacturer of technically complex active pharmaceutical ingredients, for $41M.
  • Cedarburg has provided development and manufacturing support for 13 FDA-approved products to date. Its 2014 revenue forecast is $19M with an adjusted EBITBA of ~$5.6M.
  • 186 mutual funds have AMRI positions, up from 94 a year earlier.
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