BASF Sells Coating Systems Line to Colorcon
BASF is selling its Kollicoat IR Coating Systems product line to US-based Colorcon for an undisclosed sum. The sale, which is subject to approval by the Brazilian competition authorities, includes BASF’s current customer business, inventory and relevant knowhow.
Colorcon said the addition of Kollicoat complements its existing film coating portfolio and expands the options available to its customers. The company added that the acquisition would also further 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, Colorcon’s general manager coatings, said the deal enabled both companies to focus on their core competences and further strengthened their existing cooperation which was announced in October 2014.
The companies said they look forward to expanding their cooperation by combining BASF’s polymer expertise with Colorcon’s formulation and application knowledge. BASF said it would 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.
