BASF sell coating systems product line

BASF to sell coating systems product line

11:18 AM, 26th May 2016
BASF to sell coating systems product line

LUDWIGSHAFEN, GERMANY/HARLEYSVILLE, US: BASF SE has signed an agreement to sell its kollicoat IR coating systems product line to Colorcon Inc, further strengthening their co-operation in the area of pharmaceutical film coatings.

Kollicoat IR coating systems product line to Colorcon includes 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.

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.

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.

“This sale enables both companies to focus on their core competencies, and further strengthens our existing cooperation,” said Kelly Boyer, general manager coatings at Colorcon.

“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 IR.  The transfer of kollicoat IR coating systems does not affect BASF’s kollicoat IR polymer business,” said Frank Stein, VP global segment management pharma solutions at BASF.

© Worldofchemicals News


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