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ots Ad hoc-Service: Girindus AG <DE0005880405> Girindus Signs Agreement to acquire API (Active Pharmaceutical Ingredients) Development and Pilot Plant of Aventis Pharmaceuticals in Cincinnati, Ohio, USA

Bensberg, Germany (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Ad Hoc Press Release
Girindus Signs Agreement to acquire API (Active Pharmaceutical
Ingredients) Development and Pilot Plant of Aventis Pharmaceuticals
in Cincinnati, Ohio, USA
Aventis to sign a three-year contract with Girindus for new
process development and production of their early phase APIs
Girindus AG announced today the signing of a contract for the
acquisition of the Aventis Pharmaceuticals Inc. API development,
radiochemistry and cGMP pilot manufacturing facility in Reading, Ohio
(Greater Cincinnati), effective January 1, 2001. The closing of the
transaction is expected on December 29, 2000, subject to the
satisfaction of certain conditions by the parties.
The purchase price for this fully equipped, state-of-the-art
facility is approximately US $9 million. At the closing, Aventis
Pharmaceuticals enters into a three-year process development and
production contract with Girindus for development and production of
early-phase APIs valued at over US $15 million. Thereafter, a
longer-term partnership between Girindus and Aventis Pharmaceuticals
could be developed. Aventis Pharmaceuticals is the US business of
Aventis Pharma, the prescription drug business of Aventis SA, a world
leader in pharmaceuticals and agriculture.
The acquisition is a major milestone in the Girindus expansion
strategy to strengthen its US market presence. Girindus, with global
headquarters in Bensberg, Germany, has already been serving US
customers through its sales and marketing office in Palm Harbor,
Florida, since 1986. This strategic step adds significant
capabilities in the area of process R&D and production under cGMP for
early clinical APIs in the worlds largest biopharmaceutical and
pharmaceutical market.
The combination of the Cincinnati facility with the European
process development and cGMP scale-up and production center in
Halle-Kuensebeck/Westphalia will significantly increase our
technology and capacity capabilities for the biopharmaceutical and
pharmaceutical industry," said Fritz Link, Girindus Chairman of the
Board of Management. "The planned increase in process development
capacity at both Cincinnati and Kuensebeck, where the new laboratory
building is nearing completion, will greatly enhance Girindus ability
to handle more projects, serving more customers."
The state-of-the art 50,000-square-foot (approx. 5,000 square
meters) process development and pilot facility in Cincinnati is
currently staffed with over 20 experienced development scientists.
This transaction may provide additional opportunities for those
scientists in the future. Girindus will also immediately start
recruiting additional scientists in order to acquire business from
third parties. Without further capital investments, the facility is
equipped to accommodate a total of about 50 scientists. The 5.5-acre
(about 22,000 square meters) property has sufficient space for future
Aventis is currently constructing its new chemical development and
pilot laboratories in Bridgewater, New Jersey, with completion
expected in 2002.
Girindus AG (Neuer Markt, Frankfurt, Germany: GIR, WKN 588040) is
a unique technology-driven company offering the biopharmaceutical
industry comprehensive skills including process R&D, cGMP compliant
scale-up and production facilities, as well as regulatory assistance.
The Girindus scale-up and production center at Halle-Kuensebek in
Westphalia, Germany, has already been successfully inspected by the
FDA several times. For more information, please visit


Girindus AG Barbara Scharte, Investor Relations Manager Phone: +49-2204-926 934


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