Last Friday, Catalent’s stock closed at $129.85. Nevertheless, today, it is gaining: it is currently at $133.49, marking a 3% gain. The company announced today that it has reached an agreement to acquire Bettera Holdings, a major manufacturer in the high-growth gummy, soft chew, and lozenge segments of the nutritional supplements market, for $1 billion, subject to customary adjustments. Currently, a portfolio company of Highlander Partners, LP, Bettera will complement and accelerate the growth of Catalent’s global softgel and oral dose formulation and manufacturing business to provide consumer health innovators with unrivaled choice, formulation expertise, and high-quality, scalable manufacturing solutions to help bring new products to market.
Finance and Entertainment Reporter
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