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Catalent to acquire gummy maker Bettera from Highlander Partners for $1 billion in cash

Catalent Inc. (CTLT) said Monday it has reached an agreement to acquire Bettera Holdings LLC, a maker of gummy, soft chew and lozenges as nutritional supplements, from Highlander Partners LP for $1 billion in cash. Bettera has "broad and difficult-to-replicate expertise" in developing and producing products for nutraceutical, functional, and botanical ingredients, and has four production facilities in the U.S., Catalent said in a statement. The deal is expected to close before year-end and includes most of the roughly 500 employees of Bettera, along with manufacturing and packaging assets. Catalent shares jumped 2.9% in premarket trade and are up 25% in the year to date, while the S&P 500 has gained 20%.

-Ciara Linnane

 

(END) Dow Jones Newswires

08-30-21 0710ET

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