Colorcon, Inc. has agreed to acquire BASF’s Kollicoat IR Coating Systems product line, including the current customer business, inventory and relevant know-how. The addition of the Kollicoat IR Coating Systems complements Colorcon's existing film coating product lines.

Kollicoat IR is a polyvinyl alcohol/polyethylene glycol graft copolymer.

Final closure of the transaction is subject to review of the Brazilian competition authorities.

Colorcon and BASF previously announced their cooperation in October 2014 for using immediate release coating polymer Kollicoat IR for Colorcon's fully formulated ready-to-use coatings.

Source: Colorcon