Clariant to acquire Chinese packaging company VitaPac

MUTTENZ– Clariant has signed an agreement to acquire VitaPac, a Chinese specialist for healthcare packaging. The transaction is expected to be completed by the end of the fourth quarter of 2014 and subject to regulatory approvals.

VitaPac, founded in 1995, develops and manufactures a full range of high quality protective packaging solutions for the pharmaceutical, neutraceutical and food industries, as well as for the logistics and electronics sectors, mainly in the region of Asia-Pacific (APAC). The company focuses on active sorbents and has built up a leading market position for desiccant packets for moisture adsorption. The owner-led company has 80 employees, and is based in Hong Kong. VitaPac’s production site is located in Dongguan, China.

The bolt-on acquisition of VitaPac complements the portfolio of Clariant’s 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’s global footprint, furthering the reach to its multinational pharmaceutical customer base.