- Market News
Catalent boosts nutraceuticals market presence with $1 billion Bettera acquisitionTara Dougal — 15 Sep 2021
The transaction is expected to accelerate Catalent's growth in global softgel and oral dose formulation and manufacturing services
Taking advantage of the rapidly expanding consumer health and nutraceutical marketplace, Catalent has agreed to acquire Bettera Holdings for $1 billion.
Bettera has four production facilities in the US (California, Indiana, New Jersey, and Virginia), and is a major manufacturer in the gummy, soft chew, and lozenge segments of the nutritional supplements market. The company boasts broad and specialised expertise in successfully developing and producing consumer-preferred products for nutraceutical, functional, and botanical ingredients.
According to Dr Aris Gennadios, President, Softgel and Oral Technologies at Catalent, these sectors are experiencing double-digit growth, and the Bettera acquisition will complement and accelerate the growth of Catalet's global softgel and oral dose formulation and manufacturing business.
“This acquisition is a key strategic move for Catalent’s Consumer Health business, where our leadership in manufacturing technologies and formulation can offer customers more product development opportunities and add manufacturing capacity in this dynamic and fast-growing segment," he said.
Specifically, the transaction will enable Catalent to expand its current consumer health technology platform with a wider range of technologies and ready-to-market product libraries, as well as a variety of packaging options to meet customers’ branding needs.
Bettera will complement and leverage Catalent’s network of consumer health manufacturing sites across North and South America, Europe, and Japan, offering formulation development, delivery and supply solutions to the global consumer health and beauty markets. The combination will unlock significant commercial synergies as Catalent brings the offerings of each company to their respective customer bases.
Are you a supplier?
Here's what CPhI Online can do for you
- Generate quality leads for your business
- Stay visible for 365 days of the year
- Receive product inquiries and respond to meeting requests directly
- Improve company online presence through Search Engine Optimisation