Clariant buy Chinese healthcare packaging firm, VitaPac

Clariant to buy Chinese healthcare packaging firm, VitaPac

10:49 AM, 29th September 2014
Clariant to buy Chinese healthcare packaging firm, VitaPac

MUTTENZ, SWITZERLAND: Clariant, a world leader in specialty chemicals, has signed a purchase agreement with VitaPac, a Chinese specialist for healthcare packaging. The owner-led company with 80 employees is based in Hong Kong with a production site in Dongguan, China. The transaction is expected to be completed by the end of the fourth quarter of 2014 and subject to regulatory approvals.

The bolt-on acquisition of VitaPac complements the portfolio of Clariant’s Business Line Medical Specialties within its Business Unit Masterbatches. The agreement will help Clariant to gain increased market share in important emerging markets especially in Asia but also to capture further sales in other regions. The acquired Dongguan plant will enlarge Clariant’s global footprint, furthering the reach to its multinational pharmaceutical customer base. Recently, Clariant opened laboratories in Malaysia.

“The acquisition of VitaPac is in line with our strategy to grow profitably by investing in new technologies and new markets. It will enable us to enhance Clariant’s existing portfolio of packaging solutions with new innovative products from the active packaging area, helping us to further develop our positioning in the medical specialties market,” said Hariolf Kottmann, CEO, Clariant.

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