Croda Acquires Vaccine Adjuvant Specialist Brenntag Biosector

Croda has signed a definitive agreement with Brenntag Nordic A/S to acquire Brenntag Biosector, for a total consideration of €72 million in cash. The transaction is expected to close by the end of 2018.

Founded in 1939, Biosector has industry experience as a vaccine adjuvant specialist, with their product portfolio comprising of aluminium- and saponin-based adjuvants. The Biosector team, based in Frederikssund, Denmark will be continue to be led by Managing Director Peter Tygesen.

Vaccine adjuvants are a complimentary extension of Croda’s existing pharmaceutical excipients portfolio within their Health Care business. The acquisition of Biosector will give Croda access to an industry product portfolio of adjuvants, including Alhydrogel and Adju-Phos, as well as their saponin-based adjuvant systems. Through this acquisition, Croda will not only gain ownership to Biosector’s development pipeline for second and third generation adjuvant platforms but will also become the only adjuvant supplier in the world with an aseptic and GMP certified manufacturing site for vaccine adjuvants. 

"Biosector is a rare asset in a high-value, fast-growing sector of the global pharmaceutical market," Nick Challoner, President of Life Sciences at Croda said. "With an experienced team, Biosector brings world-class innovation and industry-leading manufacturing facilities. The opportunity to quickly build upon Biosector’s impressive track record via our global sales network is enormously exciting and we look forward to welcoming the team to Croda."

"Croda share our passion for exciting innovation. Under the Croda umbrella we look forward to continuing to grow and further establish our research and development into high quality industry-leading adjuvant platforms," Peter Tygesen, Managing Director Biosector, said.

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