Catalent to acquire Bettera Brands for $1bn from Highlander Partners

Catalent, a consumer health products provider, agreed to acquire Bettera Brands, a manufacturer of gummy vitamin, soft chews and lozenges, from Highlander Partners, a private investment firm, for $1bn. "As the leading global innovator of softgel and oral technologies, Catalent has a strong, long-standing presence in the rapidly expanding consumer health and nutraceutical marketplace. This acquisition allows us to significantly accelerate the growth of our consumer health business and offer customers access to the substantial potential in gummies, soft chews, and lozenges, which are all experiencing double-digit growth. This acquisition is a key strategic move for Catalent's Consumer Health business, where our leadership in manufacturing technologies and formulation can offer customers more product development opportunities and add manufacturing capacity in this dynamic and growing segment," Aris Gennadios, Catalent President.