Colorcon, Inc. and BASF announced today that they have signed an agreement to further strengthen their co-operation 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. Kelly Boyer, General Manager Coatings at Colorcon, explains “This sale enables both companies to focus on their core competencies, and further strengthens our existing cooperation.” 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. Frank Stein, Vice President Global Segment Management Pharma Solutions at BASF, states “Customers will benefit from both the exceptional functional performance of the products as well as from Colorcon’s worldwide unique, customized services.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.
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