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SOBEL ANNOUNCES THAT IT ACQUIRES ALL THE OUTSTANDING STOCK OF BANNER GELATIN PRODUCTS

 SOBEL ANNOUNCES THAT IT ACQUIRES ALL THE
 OUTSTANDING STOCK OF BANNER GELATIN PRODUCTS
 ELIZABETH, N.J., Dec. 31 /PRNewswire/ -- Sobel, N.V. announced today that it had, through a subsidiary, acquired all the outstanding stock of Banner Gelatin Products Corporation of Chatsworth, Calif. Banner is a contract manufacturer of soft gelatin capsules (Softgels) containing pharmaceuticals, nutritional supplements, cosmetics and food. Sobel is a Dutch corporation with interests in processing slaughter by-products, bone processing (gelatin) and pet food. In March 1990 Sobel acquired Pharmacaps, Inc., a contract manufacturer of soft gelatin capsules (Softgels) located in Elizabeth, N.J.
 With the acquisition of Banner, Sobel's subsidiaries will operate four Softgel manufacturing plants in North America - two in the United States, one in Mexico and one in Canada. Sobel intends to invest in both technology and capital equipment to enhance the operating performance of its four facilities in North America, all of which are currently operating at high levels of capacity.
 -0- 12/31/91
 /CONTACT: Stephen Fischer, 908-354-6900/ CO: Sobel N.V.; Banner Gelatin Products Corporation ST: New Jersey, California IN: FOD SU: TNM


SM-OS -- NY016 -- 5872 12/31/91 11:58 EST
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Publication:PR Newswire
Date:Dec 31, 1991
Words:191
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