Romaco Acquires STE Tecpharm

Romaco Holding GmbH has acquired STE Tecpharm, S. L., a Spanish manufacturer of processing technology, which will operate under the name Romaco Tecpharm, S. L. Romaco has initially acquired 75 percent of the share capital of STE Tecpharm, S. L., which was previously owner-managed. The remaining 25 percent will be transferred subsequently. The acquisition of Tecpharm will further strengthen Romaco’s processing business. Tecpharm’s drum coaters, coupled with the company’s conventional granulation lines and Wurster fluid bed systems, make a perfect complement to the Romaco range for processing pharmaceutical solids.

Tecpharm was founded by David Mateo, Bárbara Jané and Pedro Cuadrado in 2013 as a spin-off of the STE Group. The company employs around 30 people at its site in Rubí near Barcelona. Tecpharm’s equipment for the pharmaceutical industry comprises the development, assembly and marketing of coating systems for tablets. In addition, the manufacturer provides various technologies for wet granulation on a lab and production scale. Following the transaction, Tecpharm will operate as an independent, Spanish-based Business Unit of the Romaco Group run by the founder David Mateo.

Romaco now has five production sites in Germany, Italy and Spain with pharmaceutical machinery covering the entire process chain with technologies for manufacturing, processing and packing pharmaceutical solids.

Jörg Pieper, CEO Romaco Group said, “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 state-of-the-art processing solutions. All from one source and cast from one mould. Our processing laboratories will serve as important points of contact worldwide.”

David Mateo, Managing Director of Tecpharm, S. L. said, “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.”