PPS is a healthcare packaging services business, which offers commercial packaging solutions to its customers
Tjoapack has acquired Pharma Packaging Solutions. (Credit: ds_30 from Pixabay)
Dutch contract packager Tjoapack has acquired US-based Pharma Packaging Solutions (PPS) for an undisclosed sum.
Based in Clinton, Tennessee, PPS is a healthcare packaging services business that offers commercial packaging solutions to its customers.
The company also delivers a range of other complementary services such as cold chain storage, stability and product retain services to various pharmaceutical and medical device industry customers.
PPS president Reid Lederer said: “By joining Tjoapack, Pharma Packaging Solutions will have access to resources and an extended global market presence to accelerate future growth.
“An important benefit of the business combination will be investments by Tjoapack to enhance PPS’s operational efficiency and capabilities, including the addition of automated packaging and labelling capabilities for injectable products.”
In 1998, PPS was created as a division of Carton Services, which distributes folding cartons for the customers in the pharmaceutical, food and consumer packaged goods industries.
With a 110,000ft² facility in Clinton, the company offers contract packaging and related services to a variety of healthcare industry customers.
Tjoapack CEO Dexter Tjoa said: “Tjoapack’s acquisition of PPS creates an opportunity to build a new global leader in contract packaging and supply chain services for the pharmaceutical market. The acquisition supports Tjoapack’s growth strategy and is indicative of our commitment to customers.
“Both companies are known in the market for having a nimble, customer-centric mindset that translates into high service quality and flexibility in providing tailored solutions to complex client needs.”
Ampersand Capital Partners has provided the funding for Tjoapack to acquire PPS. Last year, Ampersand first invested in Tjoapack.
By taking the support of Ampersand, Tjoapack is set to complete a major expansion of its facility to significantly enhance packaging capacity for both oral solid and parenteral drug products.
Established in 1989, Tjoapack is a contract packager of medicines that offers flexible service to customers in five continents and 45 countries.
The company, which has 19 packaging lines, provides primary, secondary and unit dose packaging for oral solid dose blister packs, wallets and bottles.