Patheon Sells Pharma Packaging Business to Bellwyck
The contract packager has sold its secondary clinical packaging business to the firm; approximately 20 Patheon employees also are making the move.
Patheon Inc., a leading provider of contract development and manufacturing services to the global pharmaceutical industry, announced today that it has sold its global secondary clinical packaging and clinical distribution services business to Bellwyck Packaging Solutions, a private company with 20 years experience providing clinical trial and contract services for secondary packaging.
James C. Mullen, Patheon's Chief Executive Officer said, "We are very happy to have reached an agreement with Bellwyck for this business. While we don't expect the terms of the transaction to have a material impact on our on-going results, this transaction is part of our continued focus on our core competencies of solid-dose and parenteral development and manufacturing. One of Bellwyck's core competencies is clinical packaging. We are confident that both the customers and our employees, about 20 of whom have joined Bellwyck, are in good hands."
Jeff Sziklai, Bellwyk's Co-CEO, said, "We look forward to an ongoing partnership with Patheon as we work together to ensure that Bellwyck continues to provide superior clinical packaging and distribution services to Patheon's current and future customers. We anticipate a seamless transition for customers and employees."
Patheon's secondary clinical packaging and clinical distribution services business is globally managed from its Burlington, Ontario, Canada facility, and includes an operating presence in Cincinnati, Ohio. Terms of the sale have not been disclosed.
Patheon Inc. is a leading global provider of contract development and manufacturing services to the global pharmaceutical industry. The company provides the highest quality products and services to approximately 300 of the world's leading pharmaceutical and biotechnology companies. Its services range from preclinical development through commercial manufacturing of a full array of dosage forms including parenteral, soft gel, solid and liquid forms.
The company's comprehensive range of fully integrated Pharmaceutical Development Services includes pre-formulation, formulation, analytical development, clinical manufacturing, scale-up and commercialization. The company's integrated development and manufacturing network of 10 manufacturing facilities, nine development centers and one clinical trial material packaging facility across North America and Europe, enables customer products to be launched with confidence anywhere in the world.
About Bellwyck Packaging Solutions
Bellwyck Packaging Solutions is a leading Canadian healthcare and premium packaging supplier offering a single source solution for customers' packaging and printed component requirements. The company is a full service contract packager offering primary, secondary and clinical trial packaging and logistics services. The printed components divisions include cGMP folding carton and label facilities that provide all of the required printed materials for packaging projects. With more than two decades of experience, the company's six manufacturing sites provide clients with strict cGMP and ISO compliance, and ongoing R&D targeted towards innovative solutions.
Source: Patheon Inc.