UK-based PCI Pharma Services has acquired pharmaceutical and healthcare contract packaging services provider Millmount Healthcare.
Financial terms of the acquisition have not been disclosed.
For more than 20 years, Millmount has been offering services in the areas of blister packaging, bottling and tube filling, late stage customisation and Cold Chain packaging services.
Millmount has also invested to expand its potent compound packaging capability and has recently opened a new, high potent, high containment packaging facility.
PCI Pharma Services president and CEO Bill Mitchell said: “We are very excited to welcome the Millmount team to PCI.
“We continue to see strong demand from our customers for medicines targeted for international growth markets both in commercial medicines as well as investigational medicines for clinical trials.”
PCI Pharma Services produces medicines which are exported to more than 100 countries around the world. With Millmount’s acquisition, PCI Pharma can now strengthen its foothold in Ireland. And, the acquisition also marks its fourth, outside of the US in four years.
Millmount’s acquisition adds a total of 18 facilities across North America and Europe where more than 3,200 trained employees work. It expands PCI’s strategy of investment and expansion of its services.
In addition to commercial packaging, Millmount is licensed to support clinical trial medicines and it is expected that there could be an immediate initiation of site training and facility upgrades for storage, distribution and QP release of clinical trial supplies.
PCI says that the Millmount facilities could become an important hub for its clinical trial services business.
Millmount founder Pascal Keogh said: “I am delighted Millmount is joining the PCI community and firmly believe this is a very positive event for our employees and customers.
“PCI is clearly a market-leading, global organization that will allow Millmount to expand into new service lines, including serialization, as well as accelerate growth of the business.”
