Evonik and Boehringer Ingelheim have signed an agreement on the sale of the Resomer business to Evonik

17-Jan-2011 - Germany

On 22 December, 2010, Evonik Industries and Boehringer Ingelheim Pharma GmbH & Co. KG signed an agreement on the sale of the Resomer® business to Evonik. The completion of the transaction is subject to various conditions and closing is expected early March 2011.

Under the agreement, the entire product portfolio of standard and customized polymers used in the manufacturing of medical devices and pharmaceutical formulations will be transferred to Evonik. Based on lactic and glycolic acids, the Resomer® polymers are fully biodegradable in the body. The addition of this polymer platform and associated application areas will complement the EUDRAGIT® business of Evonik – a leader in functional excipients for oral dosage forms - and will strengthen Evonik’s pharmaceuticals market segment in line with its stated strategic intent.

Both companies agreed not to disclose information on the sale price.

“By acquiring the Resomer® business,” said Dr. Klaus Engel, CEO of Evonik Industries AG, “we are strengthening our position as strategic partner and solution provider to the pharmaceutical industry. This affords us the opportunity to service new pharmaceutical application areas and achieve greater value creation and growth.”

“In Evonik, we are convinced that we have found a company that acts responsibly and will succeed in further developing the Resomer® business according to clear strategic objectives,” added Prof. Dr. Wolfram Carius, member of the Board of Managing Directors of Boehringer Ingelheim responsible for Operations.

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