Patheon Opens Euro HQ in Switzerland

Patheon has opened its new headquarters for its European operations in Zug, Switzerland. The new headquarters will manage the company’s commercial and pharmaceutical development services sales, marketing and customer support activities in Europe. Certain support functions — such as procurement and supply chain — will also be managed in Zug, which is near Zurich.
   
“Patheon has grown rapidly in Europe through acquisition and organic growth with sites located in France, Italy, and the UK. Thus far the sites have operated more independently, which is less than ideal for effective and harmonized communications to our clients. By moving key European managers to a regional headquarters and centralizing the key business functions for our operations across all European sites in one distinct location, Patheon will be more nimble to accelerate growth in the region, enhance profitability and ultimately better serve our clients,” said Wes Wheeler, Patheon’s chief executive officer and president.
   
“We are relocating key European decision-makers from our existing sites in Europe to our new European headquarters and intend to recruit positions locally. We expect to employ approximately 25 people in Zug,” said Aldo Braca, president of Europe. “The quality, education-level, and accessibility of a multilingual local labor force are very high in Zug. This coupled with its efficient and business friendly administration makes it an ideal location for our European headquarters.”