The chemical company Indukern, now owned by the Luxembourg-based Ravago Group, has acquired Galenicum Special Ingredients, the division of the Spanish pharmaceutical company Galenicum specialising in nutritional products, ingredients and supplements, sports nutrition, dietary products and nutraceuticals.
The Indukern group, controlled by the Díaz-Varela family, sold Indukern, its chemical division, to Ravago Group last year, and now the new owner is looking to turn Indukern into a leader in distribution in the food, aromas and fragrances, pharmaceuticals and animal nutrition markets.
In a statement, Indukern, which has not disclosed the amount of the transaction, has detailed that this “includes all the business and staff of Galenicum Special Ingredients globally, both in Spain and in subsidiaries.”
The company also added that the food division “will strengthen its international commitment by expanding its presence in two strategic countries: Morocco and France.”
For the Galenicum Group, this operation “is aligned with its strategy of boosting its business in the pharmaceutical sector, with greater investment in R&D&I in both essential and more complex processes and medicines.”
Galenicum was advised by Uría Menéndez, while Indukern was counselled by RocaJunyent.
Uría Menéndez´s Barcelona office team was formed by Corporate partner José Soria Sorjús and managing associate Meritxell Sayol.
RocaJunyent advised with a Barcelona office team made up of Corporate/M&A partner Alex Llevat and lawyer Laura García.