Colorcon, Inc., a global leader in pharmaceutical film coatings and specialty excipients, announces that it has completed the acquisition of Airnov Healthcare Packaging, Inc. from Arsenal Capital Partners.
Airnov provides critical healthcare industries with high-quality, controlled atmosphere packaging, to protect their products from moisture and oxygen; this includes customizable, high-quality drop-in products (canisters and packets), integrated desiccant systems and specially designed plastic bottles containing oxygen barrier materials. The business has manufacturing facilities in the USA, France, China and India and employs around 700 people. This aligns well with Colorcon’s portfolio and its purpose to improve health and wellness through convenience, compliance and safety.
“Airnov’s capabilities are a strong complement to Colorcon’s existing portfolio” said Simon Tasker, CEO of Colorcon. “Our partnership expands our platform of stability and moisture management solutions from core to coatings to in-package offerings.”
Matthias Brommer, President and Managing Director, Airnov says “We are excited about the opportunity to further accelerate the growth of Airnov by leveraging Colorcon’s global supply and service infrastructure.”
Simon Tasker adds “This acquisition reflects Colorcon’s goal to invest in innovative solutions that help developers of health and wellness products increase speed to market, improve quality and enhance their competitiveness.”