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Patheon Acquires Banner Pharmacaps

Expands softgel business

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon will acquire Banner Pharmacaps from VION N.V. for $255 million, subject to working capital and other adjustments. Banner is one of the largest providers of softgel formulations for OTC, prescription and nutritional consumer products and is headquartered in High Point, NC, with additional research labs and manufacturing facilities in the Netherlands, Canada and Mexico. The acquisition is expected to close by the end of the year. James C. Mullen, Patheon’s chief executive officer, said, “...

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