DARA and FOCKE, whose cooperation started 3 years ago and was initially aimed at the development of electronic cigarettes, now have agreed to strengthen their ties to develop more opportunities to progress together.
DARA and the FOCKE GROUP have reached an agreement to further reinforce their association by increasing the minority stake of FOCKE & CO in the DARA GROUP, of which COOLVACUUM is part, to a total of 45%, with no effect on DARA’s direction nor management.
This agreement underlines the mutual commitment to face the challenges, investments, product development, and globalization in which DARA is immersed. Until now, the cooperation agreement was focused on the electronic cigarette business, but with this approach, both companies commit and confirm their interest in making the necessary leap into the international market with the necessary financial capacity, technological resources, and international structure. All this will allow DARA to consolidate its global leadership in the segment of aseptic packaging of pharmaceutical products. The three current divisions of DARA (filling, freeze-drying and aseptic containment) should be reinforced to provide them with the necessary resources for future growth.
On the other hand, thanks to this association and DARA’s technological solutions FOCKE & CO will be able to diversify its product range, required by its current customers (for example, OTC and pharmaceutical products).
Both companies also confirm a better position in the Central European market, a market in which FOCKE & CO has a strong presence and prestige.