Cambridge Major Laboratories acquires ChemShop

November 21, 2007

Cambridge Major Laboratories has acquired ChemShop BV, a supplier of API development services, and plans to invest millions of dollars to expand the company's facilities.

Cambridge Major Laboratories (US) has acquired ChemShop BV (the Netherlands), a supplier of API development services. The newly combined company has over 140 employees at 3 sites in the US and Europe. ChemShop will adopt the name Cambridge Major Laboratories Europe.

All of ChemShop's management and personnel will continue to operate the business at the pre-existing Weert (Netherlands) facility, which includes R&D laboratories, GMP kilo lab suites, and a GMP pilot plant.

Cambridge Major plans to invest several million dollars to expand the European site to include more reactor capacity, laboratories, and expansion of the company's high potency API ("HPAPI") manufacturing capabilities. The planned expansion will commence immediately and be completed in the second half of 2008.