05.30.16
Colorcon, Inc. and BASF have signed an agreement to further strengthen their cooperation in the area of pharmaceutical film coatings. As part of this agreement, BASF will sell its Kollicoat IR Coating Systems product line to Colorcon, including the current customer business, inventory and relevant know-how.
The addition of the Kollicoat IR Coating Systems complements Colorcon’s existing film coating product line and position as a leading innovator of fully formulated film coating systems and provides Kollicoat IR Coating Systems customers with a wide range of film coating options. Final closure of the transaction is subject to review of the Brazilian competition authorities.
By acquiring the Kollicoat IR Coating Systems, Colorcon further strengthens its existing activities with PVA-based pigmented, ready-to-use film coatings, for use on immediate release forms of pharmaceuticals and dietary supplements.
“This sale enables both companies to focus on their core competencies, and further strengthens our existing cooperation,” said Kelly Boyer, GM Coatings at Colorcon.
After final closure of the transaction all existing customers of Kollicoat IR Coating Systems will be served by Colorcon from its worldwide production facilities.
Both BASF and Colorcon look forward to the opportunity to expand the cooperation between both companies in the film coating area by combining BASF’s polymer expertise and Colorcon’s formulation and application knowledge.
“Customers will benefit from both the exceptional functional performance of the products as well as from Colorcon’s worldwide unique, customized services,” added Frank Stein, VP Global Segment Management Pharma Solutions at BASF. “BASF will focus on developing and promoting innovative film coating polymers including Kollicoat IR. The transfer of Kollicoat IR Coating Systems does not affect BASF’s Kollicoat IR polymer business”.
Colorcon and BASF previously announced their cooperation in October 2014 for using immediate release coating polymer Kollicoat IR for Colorcon’s fully formulated ready-to-use coatings.
The addition of the Kollicoat IR Coating Systems complements Colorcon’s existing film coating product line and position as a leading innovator of fully formulated film coating systems and provides Kollicoat IR Coating Systems customers with a wide range of film coating options. Final closure of the transaction is subject to review of the Brazilian competition authorities.
By acquiring the Kollicoat IR Coating Systems, Colorcon further strengthens its existing activities with PVA-based pigmented, ready-to-use film coatings, for use on immediate release forms of pharmaceuticals and dietary supplements.
“This sale enables both companies to focus on their core competencies, and further strengthens our existing cooperation,” said Kelly Boyer, GM Coatings at Colorcon.
After final closure of the transaction all existing customers of Kollicoat IR Coating Systems will be served by Colorcon from its worldwide production facilities.
Both BASF and Colorcon look forward to the opportunity to expand the cooperation between both companies in the film coating area by combining BASF’s polymer expertise and Colorcon’s formulation and application knowledge.
“Customers will benefit from both the exceptional functional performance of the products as well as from Colorcon’s worldwide unique, customized services,” added Frank Stein, VP Global Segment Management Pharma Solutions at BASF. “BASF will focus on developing and promoting innovative film coating polymers including Kollicoat IR. The transfer of Kollicoat IR Coating Systems does not affect BASF’s Kollicoat IR polymer business”.
Colorcon and BASF previously announced their cooperation in October 2014 for using immediate release coating polymer Kollicoat IR for Colorcon’s fully formulated ready-to-use coatings.