Arsenal completes Clariant's healthcare packaging business acquisition

US-based private equity firm, Arsenal Capital Partners has completed the acquisition of Clariant's healthcare packaging business. The company will be rebranded as Airnov Healthcare Packaging.

28 Dec 2019 | By Abhishek Muralidharan

Clariant Healthcare Packaging Plant in Cuddalore, Tamil Nadu

Matthias Brommer, who has been associated with Claraint for the past eight years, has been appointed as the president and managing director of Airnov. "We are very excited to emerge as an independent company with a new name, a strong leadership team, and committed investors who will provide the support and resources required as we continue to enhance the products and services our customers require. We look forward to our partnership with the Arsenal team who have strong domain and technical skills in the healthcare, specialty materials, and packaging sectors to help us create a true global leader," said Brommer.

Airnov will manufacture products that protect pharmaceutical, nutraceutical and diagnostic products from moisture and oxygen. This includes customisable drop-in products such as canisters and packets, integrated desiccant systems, and specially designed plastic bottles containing oxygen barrier materials. 

George Abd, an operating partner of Arsenal, said, "Airnov is a strong, well-positioned business and its products are recognised around the world for its performance and technological leadership. The company serves a number of growing industry sectors, including healthcare, diagnostics, and nutraceuticals. We look forward to working with Matthias and his leadership team to move the business forward."

Airnov has manufacturing facilities in France, US, China and India, and employs around 600 people.

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