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CSL Limited Completes Acquisition of Aventis Behring and Creates New Business Entity ZLB Behring

Strategic Insights

— 1 min read

CSL Limited, a leading global biotherapeutics company, has announced the completion of its acquisition of Aventis Behring, a global plasma therapeutics business from Aventis SA. The acquisition marks a significant milestone for CSL, positioning it as a world leader in plasma therapeutics. The new business entity, ZLB Behring, will combine Aventis Behring's strengths with CSL's existing plasma therapeutics business, creating a robust portfolio of high-quality products and an innovative research and development pipeline.

Key Takeaways:

  • CSL Limited has completed the acquisition of Aventis Behring, a global plasma therapeutics business, on March 31, 2004.
  • The acquisition creates a new business entity, ZLB Behring, which will be headquartered in King of Prussia, Pennsylvania, USA.
  • ZLB Behring will combine the strengths of Aventis Behring's coagulation products, haemophilia expertise, and specialty products with CSL's IVIG production capabilities.
  • Peter Turner, current head of ZLB Bioplasma, will lead ZLB Behring as President.
  • The acquisition is expected to deliver enhanced economic returns through a clear integration plan and talented people in the combined business.
  • The full year result announcement has been changed from August 18 to August 26, 2004, to allow additional time to finalize the financials of the combined entity.

Statistics:

  • The acquisition marks a significant milestone for CSL, positioning it as a world leader in plasma therapeutics.
  • ZLB Behring will have a global marketing effort and a broad portfolio of quality products.
  • The combined business will have an efficient high-yield production operation and the ability to balance market demands and outputs.
  • The acquisition will create a robust portfolio of high-quality products and an innovative research and development pipeline.

Sources:

  • CSL Limited, "CSL Completes Acquisition of Aventis Behring" (PRNewswire, March 31, 2004)
  • Aventis Behring, "Aventis Behring Acquired by CSL Limited" (PRNewswire, March 31, 2004)
  • ZLB Behring, "ZLB Behring Created to Realize Key Attributes" (PRNewswire, March 31, 2004)

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