TA Associates has invested in coatings supplier Ideal Cures Private Limited for undisclosed terms. The deal comes as demand for coating companies rises.
Ideal Cures, based in Mumbai, India, supplies coating products mostly to the pharmaceutical industry. The target, founded in 1999, makes both film and functional coatings. Film coatings allow for better swallowing and taste, while functional coatings provide certain moisture, oxygen and light protection for controlling drug delivery to a specific part of the gastrointestinal tract