Romaco Acquires STE Tecpharm, S.L.

Date: 07/04/2021
Categories: Corporate

Romaco has acquired the Spanish manufacturer of processing technology STE Tecpharm, S.L. to strengthen its processing business.

On 18th March 2021, Romaco Holding Gmbh acquired STE Tecpharm, S.L., a supplier of equipment for the pharmaceutical industry, in order to strengthen its position as a turnkey supplier of processing technologies. Tecpahrm now will operate under a new name, Romaco Tecphar, S.L., and as an independent, Spanish-based Business Unit of the Romaco Group run by David Mateo, one of the founders of STE Tecpharm.

The addition of Tecpharm to the Romaco family takes the total number of production sites to five in Germany, Italy and Spain. Tecpharm’s patented drum coaters will complement Romaco’s technologies for manufacturing, processing and packing pharmaceutical solids. The processing segment will in future be made up of the Romaco Innojet, Romaco Kilian and Romaco Tecpharm product brands and their wet granulation, pellet coating, tableting and tablet coating technologies.

“With the takeover of Tecpharm and its patented high-tech tablet coating machines, we can decisively expand our portfolio”, explains Jörg Pieper, CEO Romaco Group. “Tecpharm manufactures drum coaters that embody economic efficiency, reliability and batch flexibility – and therefore perfectly fit the products and quality standards of Innojet and Kilian. This new constellation creates valuable synergistic effects, which we intend to leverage systematically in order to offer our customers stateof-the-art processing solutions. All from one source and cast from one mould. Our processing laboratories will serve as important points of contact worldwide.”

“I regard the exit to Romaco as a milestone in our relatively young company history”, emphasises David Mateo, Managing Director of Tecpharm, S. L. “Our integration into such a successful global player will create major growth opportunities for Tecpharm. Our high-quality products are unique and represent real added value for the Romaco Group. The support we get from Romaco’s worldwide sales and service network will allow us to expand the reach of these products enormously and boost our sales accordingly. Moreover, Romaco is a very decentralised organisation, which will ease our integration with our new sister companies at eye level.”

“The acquisition of Tecpharm, S. L. is a great chance for us to sharpen the product profiles of our processing brands. The aim is to establish Tecpharm as the dominant supplier of coating systems for tablets. Innojet will focus on granulating and coating fine solid particles. Tecpharm’s complementary technologies in this area will be integrated into the Innojet portfolio. That way, we will be optimally positioned across the board”, concludes Jörg Pieper.