Along with organic merchandise made for biotechnology firms, Catalent makes medicines for branded and generic drug firms. The contract producer additionally makes merchandise for firms promoting shopper well being merchandise, comparable to over-the-counter nutritional vitamins and dietary dietary supplements. Bettera will deliver Catalent additional into that consumer-facing area. In an investor presentation, Catalent stated Bettera helps the corporate diversify, setting it up for long-term income development.
Bettera, primarily based in Plano, Texas, was shaped by funding agency Highlander Companions, which mixed 4 of its acquisitions right into a single firm. Although the primary of these transactions occurred in 2017, Bettera’s roots date to a candy-making enterprise based within the late nineteenth century. That firm, San Francisco-based Gimbal Brothers, was a maker of gourmand jellybeans. Gimbal later expanded to gummy nutritional vitamins and dietary dietary supplements. Highlander acquired Gimbal and paired it with a confectioner already in its portfolio, Hillside Sweet. In 2018, Highlander added Indiana-based Queen Metropolis Sweet, which delivered to Bettera capabilities in producing pectin and gelatin-based merchandise.
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