Colorcon and BASF advance co-operation to strengthen their pharmaceutical film coating operations using BASF’s immediate release coating polymer, Kollicoat IR
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As part of the agreement, BASF will sell its Kollicoat IR Coating Systems product line to Colorcon, including the current customer business, inventory and relevant know-how.
BASF said that the addition of Kollicoat complements Colorcon’s existing film coating product line and will strengthen 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, said: “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 said they 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, said: “Customers will benefit from both the exceptional functional performance of the products as well as from Colorcon’s worldwide unique, customised services.
“BASF will focus on developing and promoting innovative film coating polymers including Kollicoat. The transfer of Kollicoat 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.
Final closure of the transaction is subject to review of the Brazilian competition authorities.