Product category:
Pharmaceutical and medical packaging
News Release from: Central Pharma
Edited by the Manufacturingtalk Editorial
Team on 31 March 2006
Acquisition for focused contract packing
business
The pharmaceutical contract packing sector has a new name to conjure with following the acquisition for an undisclosed sum of MY Healthcare Contract Packing Division
The purchase, which includes all machinery and equipment, will provide a focused and specialist contract packing business for the pharmaceutical and healthcare sectors, something which Clark believes was not possible as a non-core part of a large general packaging group Clark, managing director of the newly named Central Pharma, said that the company will retain the services of all staff and a GBP3m investment programme is already on the cards including a move to a new 40,000 sq ft facility within next 12 months and new technology
This article was originally published on Manufacturingtalk on 27 Sep 2002 at 8.00am (UK)
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Meanwhile the business will continue to operate from its Bedford site.
"The move will invigorate growth and establish the business as a force in contract packing," he explained.
Potential partnerships with major players will require vastly increased capacities and the new factory will benefit from the purchase of new technology that will enhance operational effectiveness and service levels.
Central Pharma's current facilities include blister packing, tub filling, liquid filling, anaesthetic filling, strip packing, cartoning and flow wrapping.
The acquisition and investment has been driven by the growing trend towards outsourcing by pharmaceutical and healthcare businesses, fuelled, at least in part, by the potential for licensed herbal medicines and vitamin supplements.
"We see a growing requirement for consistent, reliable and innovative outsourcing partners in the industry".
"The outsourcing sector is in rude health and the expansion will allow us to cater for the considerably higher volumes being predicted by our customers due to both market expansion and to legislative changes," concluded Clark.
Clark is joined by an experienced team of healthcare professionals: Amanda Bentley, who previously worked at M.Y.
Contract Packing, joins as Finance and Commercial Director, Stephen Young, a former Managing Director of M.Y.
Healthcare UK, is Chairman; Simon Darville, Managing Director of Pakology, becomes a non-executive Director, as does Mike Chambers, Managing Director of Anglian Pharma.
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