EXTON, PA – AGC Inc. has entered into an agreement with Boehringer Ingelheim to acquire its subsidiary Malgrat Pharma Chemicals S.L.U. (MPC). Located in Spain, MPC manufactures synthetic pharmaceutical active ingredients used for pharmaceutical products that are produced by chemical synthesis.
By acquiring MPC, AGC will have its first FDA-registered site in Europe in the synthetic pharmaceutical contract development and manufacturing organization (CDMO) business. The acquisition remains subject to approval from the relevant antitrust authorities and the fulfillment of closing conditions under the share purchase agreement.