PMC Group International Announces Acquisition of Pharma Company in France

MOUNT LAUREL, N.J.–(BUSINESS WIRE)–PMC Group France, a wholly owned subsidiary of PMC Group International
Inc., which is an independent arm of PMC Group Inc., announced the
acquisition of the pharma business of Isochem SAS of France. This is a
fully integrated business comprised of research, product/process
development, regulatory approvals, pilot scale and full plant-scale
production of drug intermediates and active pharma ingredients (APIs)
for major pharmaceutical companies worldwide to serve the needs of
Oncology, Cardiovascular, Infectious, Gastro-Intestinal, Neurology and
rare diseases. These facilities with combined footprint of over 40 acres
are located at three sites — Gennevilliers, Pithiviers, and
Vert-Le-Petit — within a 60 miles radius of Paris. The facilities,
which are all cGMP US-FDA audited plants for manufacturing
pharmaceutical products, will henceforth forth be called “PMC Isochem
SAS” and the latter with 230+ employees will operate as a wholly owned
subsidiary of PMC Group France.

“This acquisition, coming within two months of the acquisition of the
Hyderabad, India-based pharma company YM Drugs and Chemicals by PMC
Group International, puts the latter in a solid position to serve all
the regulated pharma markets around the world with cost-effective
offerings of proprietary drugs, drug intermediates, and custom drug
research & manufacturing services for a wide range of disease
categories,” said Dr. Raj Chakrabarti, Executive Vice President of PMC
Group International.

About PMC

PMC Group is a growth oriented, diversified, global chemicals and
plastics company dedicated to innovative solutions to everyday needs in
a broad range of end markets including plastics, consumer products,
electronics, paint, packaging, personal care, food, automotive and
pharmaceuticals. The Company was built on a sustainable model of growth
through innovation while promoting social good. PMC operates from a
global manufacturing, innovation and marketing platform with facilities
in the Americas, Europe and Asia. More information about PMC and its
activities around the world can be found at www.pmc-group.com.

Contacts

PMC Group International Inc.
Patti Griggs, 856-533-1870