August 4, 2011

ICIG plans to acquire Roche Colorado

By

BOULDER – International Chemical Investors Group announced Wednesday evening that it plans to acquire Roche Colorado Corp., which includes Roche’s pharmaceutical production facility in Boulder.

The acquisition price was not disclosed.

The Roche Group, headquartered in Switzerland, employs approximately 265 workers in Boulder who develop and manufacture drug compounds.

Frankfurt, Germany-based ICIG intends to operate the Boulder site, which will be renamed Corden Pharma Colorado Inc., as part of its pharmaceutical business within the Corden Pharma organization.

The chemical plant in Boulder was founded in 1946 as Arapahoe Chemicals Inc. by two brothers, Tom Waugh and Dick Waugh. The company was purchased by Syntex…

Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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