Colorcon Acquires Pharmaceutical Excipients and Coating Division of Chr. Hansen, Inc.
WEST POINT, Pa., Sept. 5, 2007 (PRIME NEWSWIRE) -- Colorcon, Inc. today announced the acquisition of the Pharmaceutical Excipients and Coating Division of Chr. Hansen, Inc. This acquisition expands Colorcon's global product offerings in the Pharmaceutical and Nutritional markets.
In addition to coatings, acquired products include compressible sugars/NU-Tab(R), calcium carbonate/Cal-Carb(R) and sugar spheres. NU-Tab(R) is used in a wide range of chewable applications, including children's vitamins and medications, and for taste masking bitter or unpleasant drugs. Cal-Carb(R) is an ideal excipient for use in conventional tablets as well as calcium and mineral supplement products. Sugar spheres are used primarily in controlled release formulations. Controlled release formulations using multi particulates provide consistent drug release over time. Using sugar spheres, Colorcon expects to accelerate new product development efforts, as well as improve existing solutions for controlled release.
The Stoughton, Wisconsin facility purchased from Chr. Hansen will become an integral part of the Colorcon network of manufacturing sites.
William Motzer, Colorcon President and CEO states: "We're excited about this opportunity to expand Colorcon's product offerings and leverage our global distribution, technical service, and sales infrastructure."
About Colorcon
Colorcon is a world leader in the development, supply and support of formulated products for the pharmaceutical industry. Its core businesses include film coatings, modified release technologies, functional excipients and tablet design services.
Colorcon has 17 technical service laboratories globally and more than 1100 employees exclusively dedicated to its pharmaceutical customer base. For further information, visit www.colorcon.com.
About Chr. Hansen
Operating from facilities in thirty countries worldwide, Chr. Hansen is a global biotechnology company that provides ingredients to the food, dairy, human health and nutrition, and animal health industries. Based on intensive research, Chr. Hansen works to improve the quality of food and health for people all over the world. The company is a primary supplier of cultures, probiotics, enzymes, colors, flavors, and seasonings, which are applied in foods and beverages, dietary supplement and agricultural products. For more information, visit www.chr-hansen.com.
-0- CONTACT: Kovak-Likly Communications Daina Cardillo 203-762-8833 dcardillo@klcpr.com
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