Future Focus on Human and Animal Health with Kern Pharma and Calier
Healthcare and specialty chemicals distributor Grupo Indukern (El Prat de Llobregat (Barcelona), Spain) announced yesterday that it has reached an agreement with Ravago Group (Luxembourg, Luxembourg) to sell 100% of its subsidiary Indukern, a distributor of additives and ingredients for the Food, Flavours & Fragrances, Pharma and Animal Nutrition industries for an undisclosed sum.
Indukern, which represents about half of the groups’ turnover (total ca. EUR 715 mn) has activities in Spain, Brazil, China, Columbia, France, Mexico, Portugal and Switzerland, employing a staff of 520 (thereof 171 in Spain).
In the future, Grupo Indukern plans to focus on its activities in the Human and Animal Health sectors. These activities are bundled under the Kern Pharma and Calier brand, respectively.
Ravago Chemicals, so far active mostly in technical markets such as CASE, PU & Polymers, Water and Care & Base Chemicals, but also in Lifes Sciences, positioned the acquisition as a strengthening of it’s specialty chemicals offering.
No further financial details were disclosed on the transaction, which is subject to certain regulatory approvals.
Source: Indukern website, La Vanguardia website, PlantaDoce website, Ravago announcement on LinkedIn
HGE – DCG / 02.03.2021