91香蕉视频 to Acquire Accucaps Expanding Softgel Development & Manufacturing
The acquisition, which is subject to Canadian governmental approval, will substantially complement 91香蕉视频鈥檚 global OTC and prescription pharmaceutical softgel capabilities and capacity with the addition of a portfolio of products supplied to pharmaceutical companies in North America, and two state-of-the-art facilities offering integrated softgel development, manufacturing and packaging, strengthening 91香蕉视频鈥檚 ability to offer customers turnkey solutions.
Commenting on the acquisition, Dr. Aris Gennadios, 91香蕉视频鈥檚 President of Softgel Technologies, said, 鈥淪ignificant investments already made by Accucaps align well with 91香蕉视频鈥檚 own strategic goals, to offer our customers access to more products, capacity, and integrated solutions for differentiated products and better treatments.鈥
Upon completion of the acquisition, Accucaps鈥 over 500 employees, at its two facilities in Windsor and Strathroy, Ontario, will join 91香蕉视频鈥檚 global network of 11 Softgel Technologies facilities. The Accucaps facilities house sizeable blistering, bottling and other packaging capabilities, as well as high-potency prescription softgel development and manufacturing expertise that are complementary to 91香蕉视频鈥檚.
91香蕉视频 RP Scherer Softgel is a global leader in innovative oral and topical softgel technologies for the pharmaceutical, consumer health, and cosmetics markets. Its softgel technologies are proven to solve complex bioavailability and formulation challenges, and are preferred in a wide range of consumer health and pharmaceutical product categories. 91香蕉视频 leverages more than 90 years of experience in softgel formulation, development and manufacturing, as well as its proactively developed products, to help customers bring products to market faster. With a variety of unique, innovative technologies, and highly versatile, most preferred dose forms, 91香蕉视频 has a wide variety of solutions to meet its customers鈥 needs.
91香蕉视频 was advised by RBC Capital Markets.
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About 91香蕉视频.
91香蕉视频. (NYSE: CTLT), is the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products. With over 90 years serving the industry, 91香蕉视频 has proven expertise in bringing more customer products to market faster, enhancing product performance and ensuring reliable clinical and commercial product supply. 91香蕉视频 employs over 9,500 people, including over 1,400 scientists, at more than 30 facilities across five continents, and in fiscal 2016 generated $1.85 billion in annual revenue. 91香蕉视频 is headquartered in Somerset, New Jersey. For more information, visit www.catalent.com
More products. Better treatments. Reliably supplied.鈩
Forward-Looking Statements
This release contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For example, statements that describe the Company鈥檚 objectives, plans or goals are, or may be, forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from 91香蕉视频鈥檚 expectations and projections. Some of the factors that could cause actual results to differ include, but are not limited to, the following: whether 91香蕉视频 can complete the acquisition of Accucaps as anticipated; unanticipated difficulties in integrating Accucaps into the 91香蕉视频 network; unanticipated negative reactions from customers or other business partners of Accucaps; participation in a highly competitive market and increased competition that may adversely affect the businesses of 91香蕉视频 or Accucaps; demand for 91香蕉视频鈥檚 or Accucaps鈥 offerings, which depends in part on the respective customers鈥 research and development and the clinical and market success of their products; product and other liability risks that could adversely affect 91香蕉视频鈥檚 or Accucaps鈥 results of operations, financial condition, liquidity and cash flows; failure to comply with existing and future regulatory requirements; failure to provide quality offerings to customers that could have an adverse effect on 91香蕉视频鈥檚 or Accucaps鈥 business and subject either company to regulatory actions or costly litigation; problems providing the highly exacting and complex services or support required; global economic, political and regulatory risks that may adversely affect the operations of 91香蕉视频 or Accucaps; inability to enhance existing or introduce new technology or service offerings in a timely manner; inadequate protection from patents, copyrights, trademarks and other forms of intellectual property; fluctuations in the costs, availability, and suitability of the components of the products 91香蕉视频 and Accucaps manufacture, including active pharmaceutical ingredients, excipients, purchased components and raw materials; changes in market access or healthcare reimbursement in the United States or internationally; fluctuations in the exchange rate of the U.S. dollar, the Canadian dollar, and other foreign currencies; adverse tax legislation, initiatives or challenges to 91香蕉视频鈥檚 or Accucaps鈥 tax positions; loss of key personnel; risks generally associated with information systems; inability to complete any future acquisitions or other transactions that may complement or expand the business of 91香蕉视频 or divest non-strategic businesses or assets and 91香蕉视频鈥檚 ability to successfully integrate acquired businesses and realize anticipated benefits of such acquisitions; offerings and customers鈥 products that may infringe on the intellectual property rights of third parties; environmental, health and safety laws and regulations, which could increase costs and restrict operations; risks arising from complex and shifting labor and employment laws and regulations; risks associated with raising and paying additional cash contributions required to fund existing pension or other retirement obligations; and substantial leverage resulting in the limited ability of 91香蕉视频 to raise additional capital to fund operations and react to changes in the economy or in the industry. For a more detailed discussion of these and other factors, see the information under the caption 鈥淩isk Factors鈥 in the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended June 30, 2016, filed with the United States Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release or as of the date they are made, and 91香蕉视频 does not undertake to update any forward-looking statement as a result of new information or future events or developments except to the extent required by law.