Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

TREDEGAR FIRM PENN PHARMA SOLD TO PACKAGING COORDINATORS (PCI) IN A DEAL WORTH £127M

28/07/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzivndqvndc3l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Penn Pharmaceutical Services has reached an agreement for the sale of its business to Packaging Coordinators Inc (PCI) in a deal worth £127m.

This transaction provides a final exit for leading mid-market private equity firm LDC which invested £33m in 2007 with completion due shortly.

The pharmaceutical manufacturers’ specialism in drug development, manufacturing and packaging services will complement US based PCI’s growth in clinical trial and commercial supply services in both North America and Europe.

Penn Pharmaceuticals is a global provider of specialist pharmaceutical services headquartered in Tredegar.

The company provides selected Contract Development and Manufacturing Organisation (CDMO) services to a global customer base to support the outsourcing needs of international customers including those in Europe, the USA and Japan.

In 2013 Penn opened a new world-class, purpose-built contained manufacturing facility in response to market need for specialist containment solutions for the development and manufacturing of solid dose products containing highly potent compounds.

Earlier this year the business launched an additional capacity expansion programme for large-scale commercial manufacturing and packaging operations.

The continued investments made by Penn Pharma and the commitment to quality and customer service have ensured significant growth and has uniquely positioned the company in the specialist outsourcing market helping to grow existing business and drive significant opportunities with new customers.

This article has been extracted from http://www.walesonline.co.uk, please click on this link to read the article in full http://www.walesonline.co.uk/business/business-news/tredegar-firm-penn-pharma-sold-7520215

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdgvmtqvmtmvmjcvmjgvnja2l2nsb3rozxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... From Market Stall to Recruitment

2017-08-14 14:00:00 +0100

From the melee of the market stall to placing candidates in high-flying IT roles, life's always on the up from market-trader-turned-recruiter, Lois Hinken (22). She took the time to talk to us about how her experience in the cut throat world of the market has helped her in the world of global talent acquisition. As a 360 recruitment consultant for Montash, her negotiation skills and "go get it" attitude have helped her thrive. "I started working on the ...

W1siziisijiwmtcvmdgvmdcvmtmvmtcvntqvnze3l1vudgl0bgvkigrlc2lnbiaomikuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

Will AI Cost Us Our Humanity?

2017-08-07 15:00:00 +0100

As technology evolves, artificial intelligence is becoming increasingly mainstream, and it will inevitably start to impact the way we interact. On the one hand, AI has the potential to solve a variety of problems and streamline our lives and our work. But will this come at the cost of the all-important human touch? A foreshadowing statistic claims that by 2020, 85% of client interactions will be managed without a human[1]. But can there really be an alg...