CDMO Recipharm has agreed to sell seven facilities in Europe to U.S. private equity firm Blue Wolf Capital.
Another sign that the post-pandemic reshaping of the CDMO industry isn't over came TuesdaBlue Wolf Capitalector’s most powerful companies, Recipharm, sold off seven of its manufacturing and development facilities in Europe to Blue Wolf Capital. The U.S. private equity firm has purchased plants in Parets, Spain; Pessac, France; and five in Recipharm’s home country of Sweden. The SweRecipharms are in Hoganas, Karlskoga, Solna, Strangnas and Uppsala.Blue Wolf Capital It is another divestment in the remake of Recipharm. Also on Tuesday, the Stockholm-based companRecipharmed the spinout of its inhaler business, which includes three plants. Recipharm has said it wants to expand its biologics production capacity and position itself to take advantage of the increasing demand for cell and gene therapies.
Recipharmal with Blue Wolf, each of the seven facilities has been run by Recipharm for at least a decade. The plants are focused on the development of oral solid, semi-solid and liquid dosage products and serve more than 120 customers worldwide, Recipharm said. Blue Wolf will form a new CDMO company with the sites and reveal its nameRecipharme deal closes. Peter Kruger, Recipharm’s oral solid dose strategy chief for the last two-plus years, will lead the new unit.Recipharm Blue Wolfnies expect the deal to close in the fourth quarter of this year. They didn't reveal financial terms oRecipharmeement. Recipharm opened the year with 25 facilities in 10 countries. It has two biologic manufacturing sites in Massachusetts, which are its lone locations in the U.S. It also has four standalone facilities for development and manufacturing in Bengaluru, India, and a development lab in Israel. The rest of its sites are in Europe, with four each in Italy and Germany.
Recipharm’s push to transform was apparent in 2022 when it sold an active pharmaceutical ingredients plant in England to Pharmaron of China and a capsule and tablet production facility in France to Astrea. Meanwhile, Recipharm also pulled off acquisitions of Vibalogics of Germany, GenIbet of Portugal and Arranta Bio of Watertown, Massachusetts.