Arsenal Capital completed the acquisition of Healthcare Packaging business of Clariant for CHF308m.

Arsenal Capital Partners completed the acquisition of the Healthcare Packaging business of Clariant, a specialty chemical company, for CHF308m ($314m). The company will be rebranded as Airnov Healthcare Packaging. Clariant’s Healthcare Packaging business offers products used to protect pharmaceutical products from moisture and oxygen. “Clariant was an excellent owner in continuing to elevate the business’s strategic importance to its markets. We hope to continue the same leadership as owners of Airnov, leveraging both our capabilities and leading franchises in advanced materials and healthcare.” Tim Zappala, Arsenal Senior Partner.