07.11.22
Sirio Pharma Co., Ltd., a global contract development and manufacturing organization (CDMO), has entered an agreement to acquire 80% equity of Best Formulations, Inc., a contract manufacturer of nutraceuticals and dietary supplements based in City of Industry, CA.
Best Formulations, founded in 1984, is a leading contract manufacturer of softgels in North America. It engages in the manufacturing and commercialization of vitamins, minerals, plant-based nutritional supplements and personal care products.
“This is a significant milestone in Sirio’s strategy to establish a global manufacturing footprint,” said Doug Brown, Managing Director of Sirio Americas. “By adding Best’s world-class North American manufacturing facilities to our established bases in Asia and Europe, the combined company will be able to better serve both our global and regional customers with local production everywhere they want to be.”
Best’s City of Industry complex will serve as Sirio’s North American headquarters after the transaction is completed, which is expected to close in the fall of 2022.
“Our entire team is very excited to join the Sirio family in a shared mission of providing our customers with world-class service and innovative products,” said Eugene Ung, CEO of Best Formulations. “This combination will allow us to grow our business faster with global resources and capabilities.”
Best Formulations, founded in 1984, is a leading contract manufacturer of softgels in North America. It engages in the manufacturing and commercialization of vitamins, minerals, plant-based nutritional supplements and personal care products.
“This is a significant milestone in Sirio’s strategy to establish a global manufacturing footprint,” said Doug Brown, Managing Director of Sirio Americas. “By adding Best’s world-class North American manufacturing facilities to our established bases in Asia and Europe, the combined company will be able to better serve both our global and regional customers with local production everywhere they want to be.”
Best’s City of Industry complex will serve as Sirio’s North American headquarters after the transaction is completed, which is expected to close in the fall of 2022.
“Our entire team is very excited to join the Sirio family in a shared mission of providing our customers with world-class service and innovative products,” said Eugene Ung, CEO of Best Formulations. “This combination will allow us to grow our business faster with global resources and capabilities.”
