bs b2b bureau   hong kong  september 29, 2014 last updated at 1726 ist swiss firm clariant has signed an agreement to acquire vitapac, a chinese specialist for healthcare packaging, for an undisclosed amount. the ownerled vitapac, with 80 employees and consolidated sales of about chf 4 million about 4.2 million in 2013, is based in hong kong and has a production site in dongguan, china. the transaction is expected to be completed by the end of the fourth quarter of 2014 and subject to regulatory approvals.founded in 1995, vitapac develops and manufactures a full range of high quality protective packaging solutions for the pharmaceutical, nutraceutical and food industries, as well as for the logistics and electronics sectors, mainly in the region of asiapacific apac. the company focuses on active sorbents and has built up a leading market position for desiccant packets for moisture adsorption.vitapac is known for its innovative, technologydriven product lines that address pharmaceutical stability and shelf life. the company maintains a drug master file dmf with the fda, and its products comply with all pertinent regulations for use in direct contact with food and drugs.the bolton acquisition of vitapac complements the portfolio of clariant&rsquos business line medical specialties within its business unit masterbatches. the agreement will help clariant to gain increased market share in important emerging markets especially in asia but also to capture further sales in other regions. the acquired dongguan plant will enlarge clariant&rsquos global footprint, furthering the reach to its multinational pharmaceutical customer base.hariolf kottmann, ceo of clariant, said, &ldquothe acquisition of vitapac is in line with our strategy to grow profitably by investing in new technologies and new markets. it will enable us to enhance clariant&rsquos existing portfolio of packaging solutions with new innovative products from the active packaging area, helping us to further develop our positioning in the medical specialties market.&rdquosource httpwww.businessstandard.comcontentb2bchemicalsclariantacquireshealthcarepa…
