Colorcon and BASF have signed an agreement for the supply of pharmaceutical film coatings.
BASF will sell its Kollicoat IR Coating Systems product line to Colorcon; including the current customer business, inventory and relevant know-how.
Kollicoat IR Coating Systems will add to Colorcon 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, commented: “This sale enables both companies to focus on their core competencies, and further strengthens our existing cooperation.”
Frank Stein, vice president global segment management pharma solutions at BASF, said: “Customers will benefit from both the functional performance of the products as well as from Colorcon’s worldwide unique, customised services.”
After final closure of the transaction all existing customers of Kollicoat IR Coating Systems will be served by Colorcon from its worldwide production facilities.