Colorcon, has acquired Paulaur Corporation’s Pharmaceutical Sugar Spheres product line
Colorcon, a supplier of sugar spheres for the development of multiparticulate dosages, has said that the addition of the Paulaur products will complement its Suglets Sugar Spheres product line.
The agreement is specific to Paulaur sugar spheres sold into the pharmaceutical and nutritional segments globally.
According to Colorcon its range of immediate, delayed and extended release coatings and previous investment in the multiparticulate business makes it well suited to serve pharmaceutical and nutraceutical sphere businesses.
Mitchell Stefaniak, vice president and chief financial officer of Paulaur Corporation, said: “Paulaur had made the decision to leave the pharmaceutical and nutraceutical spheres arena in order to concentrate on our fast‐growing food and confectionary business.
“At the same time, we wanted to insure that our pharmaceutical and nutraceutical spheres customers could be assured of a continued availability of quality product. The sale to Colorcon provides our customers with just such a supplier.”
Martti Hedman, Colorcon’s chief executive officer said: “Colorcon views this agreement as an opportunity to expand Colorcon's sugar spheres business and leverage our global distribution, technical service and sales infrastructure."