Clariant to Acquire Chinese VitaPac

by swisscham in Engineering, Manufacturing

Clariant International Ltd., Muttenz, Switzerland, has signed a purchase agreement with VitaPac, a Chinese specialist for healthcare packaging. The owner-led company with 80 employees is based in Hong Kong with a production site in Dongguan, China. It had consolidated sales of about CHF 4 mio in 2013. 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 company maintains a Drug Master File (DMF) with the FDA, and its products comply with all pertinent regulations for use in direct contact with food and drugs.

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