Munich, Germany / Tokyo, Japan, June 15, 2023 — Adragos Pharma GmbH, a global leader in pharmaceutical manufacturing, announced today that it has completed the divestiture of its subsidiary Toride Pharma K.K., and its associated entity, Toride Asset Trading Co. Ltd. to Fuji Seal, Inc.
This divestiture exemplifies Adragos Pharma’s proactive network management strategy. “Strategically, we will concentrate our operations in Japan on our flagship site in Kawagoe, which is one of the largest and best-equipped facilities in the country,” said Dr. Andreas Raabe, CEO of Adragos Pharma.
The divestiture of Toride Pharma K.K. and Toride Asset Trading Co. Ltd. to Fuji Seal, Inc. represents a beneficial opportunity for all parties. Adragos Pharma will streamline its operations, Fuji Seal, Inc. will expand its sector coverage, and Toride Pharma’s employees and customers will benefit from long-term growth and investment plans under new ownership.
Dr. Raabe added, “We are confident that under the new ownership of Fuji Seal, Inc., Toride Pharma K.K. and Toride Asset Trading Co. Ltd. will continue to thrive and deliver exceptional service to their customers. We extend our best wishes to them for future success.”
The financial terms of the deal have not been disclosed.
About Adragos Pharma
Adragos Pharma is a globally operating CDMO with headquarters in Munich, Germany. Its declared goal is to expand its existing production network through acquisitions in Europe, North America, and Japan to attain a globally leading position within the next few years and set new standards in customer service and data centricity. In its buy-and-build growth strategy, Adragos Pharma is supported by FSN Capital, a leading Northern European private equity firm, and Prange Group, a diversified leading German family office. Adragos Pharma currently operates four production sites in France, Germany, Japan and Greece (as of June 15, 2023). For more information, visit www.adragos-pharma.com
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About Fuji Seal
Fuji Seal, Inc., a subsidiary of Fuji Seal International, INC., is a packaging solution company that consistently expands shrink sleeve labels business, self-adhesive labels / pressure sensitive labels business, spouted pouch business, and packaging machine business and services business globally.
For more information, visit www.fujiseal.com/en/