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Croda sexes up its portfolio with €72mln move into the pharma sector

Published: 07:33 17 Dec 2018 GMT

syringe
This won't hurt: Adjuvants developed by the Danish firm are used to boost the therapeutic impact of inoculations

Croda International (LON:CRDA), the international ingredients business that can trace its history back to 1925, is making a foray into the pharmaceuticals arena with its latest acquisition.

It is paying €72mln for Brenntag Biosector, which develops adjuvants for the human and veterinary vaccine markets. Adjuvants are used to boost the therapeutic impact of a drug or an inoculation and are used widely throughout the life sciences sector. Based in Frederikssund, Denmark, Biosector was founded in 1939 and specialises in aluminium and saponin-based products.

A natural extension 

A move into the vaccines sector is being billed as a “natural extension” to Croda’s activities, which has recently seen it move into the arena of high-purity delivery systems for the healthcare industry.

Adjuvants “represent a niche, high-growth market, driven by increased healthcare spending alongside advances in biotechnology and the growing need for preventative treatments”, the company said.

Chief executive Steve Foots added: "Biosector is a rare asset, in a high-value, fast-growing sector of the global pharmaceutical market.

“With an experienced high-quality team, Biosector brings world-class protected technologies and industry-leading manufacturing facilities.

“Furthermore, the strong cultural alignment between Biosector and Croda enhances our highly technical-based sales approach and emphasis on value over volume.

“The opportunity to quickly build upon Biosector's impressive track record to date is enormously exciting and we look forward to welcoming the team to Croda."

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