Swiss supplier of specialty chemicals Clariant (Muttenz) has signed an agreement to purchase Chinese healthcare packaging company VitaPac (Hong Kong) for an undisclosed amount. The owner-led company with 80 employees operates a production site in Dongguan, China, and had consolidated sales of about 4 million Swiss francs ($4.2 million) in 2013. The transaction is expected to be completed by the end of Q4 2014, subject to regulatory approvals.
Founded in 1995, VitaPak develops and manufactures a range of protective packaging solutions for the pharmaceutical, neutraceutical, and food industries, as well as for the logistics and electronics sectors, mainly in the Asia-Pacific region. The company focuses on active sorbents and has built up a leading market position for desiccant packets for moisture adsorption.
VitaPac maintains a Drug Master File (DMF) with FDA, and its products comply with all pertinent regulations for use in direct contact with food and drugs.