Gelita Sells RP Scherer Stake

SOMERSET, NJGerman company Gelita AG, which produces gelatins and collagen peptides for various markets including joint and weight management products, has sold its minority stake (49 percent) in R.P Scherer GmbH to the majority holder Catalent Pharma Solutions Inc. The the transaction is subject to customary closing conditions including approval from regulatory authorities. Gelita had held these shares for more than 10 years but said it was always a purely financial investment not associated with its core business. However, this was the first American-German joint venture after World War II and lasted more than 60 years. Gelita will still supply gelatin, energy and other resources to the R.P. Scherer plant that currently resides on Gelita property.