Washington, DC (PRWEB) April 21, 2006
The Clondalkin Group, a specialty packaging firm headquartered in Amsterdam, the Netherlands, is pleased to announce the acquisition of Pharmagraphics Inc, one of North America’s largest independent pharmaceutical packaging groups. Pharmagraphics becomes part of Clondalkin’s Specialist Packaging Division which supplies specialist packaging components to niche markets in Europe and North America.
Pharmagraphics supplies printed leaflets, pressure sensitive labels, folding cartons and specialist products to the pharmaceutical and healthcare markets in the USA, Canada, Latin America and Eastern Europe. The company has manufacturing operations in the USA, Canada, Puerto Rico and Poland. Pharmagraphics has an outstanding reputation serving many of the world’s leading pharmaceutical and healthcare companies.
“The acquisition is an excellent strategic fit for Clondalkin as it complements our existing operations and provides us access to fast growing market segments in new geographical areas”, said John Fitzgerald, CEO of Clondalkin’s Specialist Packaging Division. “Pharmagraphics enhances our commitment to provide premium quality products to exacting standards of service on a world-wide basis. Acquiring Pharmagraphics strengthens Clondalkin’s ability to service its customers' global packaging requirements”, he continued.
“Joining Clondalkin Group is an exciting development for all our employees as it will enable us to offer a much broader product line and service capability to our customers” noted Carl Treleaven, CEO of Pharmagraphics.
Clondalkin already has substantial activities in North America – but the Pharmagraphics transaction is the first for Clondalkin’s Specialist Packaging Division in the USA since Warburg Pincus acquired Clondalkin Group in 2004. “Acquiring Pharmagraphics demonstrates Clondalkin’s determination to deliver long-term and sustainable growth to shareholders through organic initiatives and acquisitions” observed Norbert McDermott, CEO of Clondalkin Group.
Clondalkin’s Specialist Packaging Division includes operations in the UK, Ireland, the Netherlands, Poland and the United States.
For further information please contact John Fitzgerald, CEO, Specialist Packaging, Clondalkin Group (44 country code) 1254 888151.