November 15 2021, David R Brown
Faravelli Group has acquired Spanish API distributor, Deltapharma
Giusto Faravelli Spa (Farvelli Group), an international distributor of ingredients and specialties for life sciences, has announced that it has acquired Delta Pharma SL (Deltapharma), an established distributor of APIs for pharmaceutical and veterinary applications based in Barcelona, Spain.
The acquisition represents an important step for the expansion of the Group in Spain and other European and South American countriesLuca Benati
CEO of Faravelli
“The acquisition represents an important step for the expansion of the Group in Spain and other European and South American countries and promotes significant synergies for the respective businesses,” says Luca Benati, CEO of Faravelli.
The company was founded in Barcelona in 1985 as a local agent and distributor of APIs for human and veterinary applications. Besides API's, Deltapharma also supplies fine chemicals and intermediates and are also active in the nutraceutical and cosmetic fields. In human applications, the company supplies antibiotics and anti-invectives, cardio-metabolic products, gastro-intestinal medicines as well as vitamins and minerals. In the veterinary sector, the distributor provides anti-inflammatories, antibiotics, anti parasitics and general tonics.
The Spanish company will be consolidated with fragrancevelli's existing business in Spain, to differentiate the product list offered in the pharmaceutical sector and to develop commercial networks. With Deltapharma becoming part of the group, synergies for customers service will be expanded considerably, the company added.
About the Faravelli Group
Giusto Faravelli (Farvelli Group) is an international distributor of ingredients and chemical raw materials for the food, nutra, pharma, cosmetic and fine chemicals industries. Founded in 1926, the company is headquartered in Milan, Italy and operates subsidiaries in Germany, Czech Republic, Spain, China and the USA. The company's in-house Food and the Cosmetic application laboratories provide customers with value added formulation support including customers new recipes/formulations and studying bespoke formulations. Faravelli also develops its own private label functional systems marketed under the FARA® brand. In 2020 the Farvelli Group achieved revenues in excess of EUR 120 million.
Source(s): Faravelli Group Press Release