Takeda to sell off vitamins joint venture

- Last updated on GMT

Related tags: Folic acid, Pharmacology, Basf

Japanese pharmaceutical firm Takeda will sell off its stakes in
five non-core joint ventures, including the vitamins business that
it operates with Germany's BASF, according to reports.

The company, Japan's largest drug maker, is looking to concentrate on its core pharma business.

Takeda started spinning off its non-core operations into joint ventures in 2000 as part of a major reorganization. It is expected to sell its stake in the venture with BASF, which involves the sales and distribution of a joint range of bulk vitamins in the Japanese market, before or during 2007, according to national press reports.

BASF holds a majority stake in the business - 66 per cent. A BASF spokesman said the company could not comment on whether it would take over the venture but added that it is a successful business.

The alliance was part of BASF's €600 million investment programme in its vitamins business, particularly improving the production of vitamins A, E and C. It also gained Takeda Vitamin and Food Company's manufacturing technology and patents related to the vitamins B1, B2, B6, C and folic acid, as well as Takeda's subsidiaries in Germany, the US and Singapore during the reorganization four years ago.

Takeda will also sell its stake in a food venture with Kirin Brewery.

Related topics: Health and nutritional ingredients

Related news

Related products

show more

Functional Food Market Trends

Functional Food Market Trends

GanedenBC30 | 07-Apr-2021 | Infographic

Around the world – and across multiple food categories, consumer demand and technological advances drive innovation with probiotic ingredients. Download...

Natural ingredients that support the immune system

Natural ingredients that support the immune system

Döhler – Natural Food & Beverage Ingredients | 23-Mar-2021 | Technical / White Paper

Consumers’ health-focused attitudes are reaching their peak. Turmeric, ginger, baobab, green tea, moringa and many more – choose from our great selection...

Related suppliers

Follow us

Products

View more

Webinars