SAFC sales up 5 per cent
Fine chemicals were also an important driver for Sigma Aldrich in the fourth quarter, with revenue from SAFC climbing 5 per cent.
CEO Rakesh Sachdev said: "Our custom manufactured products for the pharma industry grew double digits and we saw solid growth in our industrial cell culture media for production of biological drugs.”
Sigma announced plans to reorganize SAFC into a more ‘customer facing’ operation last year, which is a strategy Sachdev thinks will position the unit for further expansion.
“We expect to drive improved growth in 2013 through our enhanced focus on our customers and faster growing geographies enabled by our recent organizational realignment into three business units — Research, Applied, and SAFC Commercial — which should continue to gain momentum as the year progresses”.