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Colorcon acquires Paulaur Corporation, a manufacturer of specialty sugar-based ingredients.
Colorcon announced on Jan. 18, 2016 the acquisition of the Pharmaceutical Sugar Spheres product line from Paulaur Corporation, a manufacturer of specialty sugar-based ingredients located in Cranbury, New Jersey.
The addition of the Paulaur products complements Colorcon’s Suglets Sugar Spheres product line. The agreement is specific to Paulaur sugar spheres sold into the pharmaceutical and nutritional segments globally. Colorcon provides speciality excipients for pharmaceutical and nutraceutical applications worldwide and has identified strong synergies between the multiparticulate and film-coating businesses.
“Paulaur had made the decision to leave the pharmaceutical and nutraceutical spheres arena in order to concentrate on our fast-growing food and confectionary business,” said Mitchell Stefaniak, vice-president and chief financial officer of Paulaur Corporation. “At the same time, we wanted to ensure that our pharmaceutical and nutraceutical spheres customers could be assured of a continued availability of quality product. The sale to Colorcon provides our customers with just such a supplier.”
Colorcon provides products and services for solid oral-dosage formulations. As a result of this agreement, Colorcon and Paulaur customers stand to benefit with direct access to products, technical service, and support from Colorcon.