Catalent, a global provider of development sciences and manufacturing platforms for medicines and consumer health products, has reached an agreement to acquire Bettera Holdings, a manufacturer of gummy, soft chew, and lozenge products for the nutritional supplements market, for $1bn.
Catalent says the company will complement and accelerate the growth of its global softgel and oral dose formulation and manufacturing business to provide consumer health companies choice, formulation guidance, and scalable manufacturing solutions to bring products to market.
Bettera has four production facilities in the US where it develops and produces products for nutraceutical, functional, and botanical ingredients. The acquisition will enable the company to expand its current consumer health technology platform with more technologies and product libraries, as well as additional packaging options.
“This acquisition allows us to significantly accelerate the growth of our consumer health business and offer customers access to the substantial potential in gummies, soft chews, and lozenges, which are experiencing double-digit growth,” commented Dr Aris Gennadios, President, Softgel and Oral Technologies, Catalent. “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.”
“Bettera was established with a vision to serve the needs of consumers who want to experience the benefits of nutritional supplements through more enjoyable and convenient dose forms,” said Jeff L Hull, President and CEO of Highlander Partners.
The acquisition is expected to close before the end of 2021 and includes the transfer of substantially all of the approximately 500 employees, and product development, manufacturing, and packaging assets of Bettera Holdings, headquartered in Plano, Texas, including its production facilities in California, Indiana, New Jersey, and Virginia.