PMC Group Global Announces Acquisition of Copperhead Chemical Organization | Small business & Finance
MOUNT LAUREL, N.J.–(Business enterprise WIRE)–Feb 22, 2021–
PMC Team Worldwide, Inc., which is an impartial arm of PMC Team Companies, announced the acquisition of Cobra Investments Management Inc. and its two subsidiaries, Copperhead Chemical Corporation Inc. (“Copperhead”) and Copperhead Investments Inc., from a group of past owners of these entities, efficient February 5, 2021. Copperhead is the production arm of the 3 acquired entities and is situated on an 875 acres facility with 53 properties in Tamaqua, Pennsylvania.
Copperhead has been the sole manufacturer of the Fda authorized cardiac therapeutic drug nitroglycerin in the US for over 70 yrs and a custom made manufacturer of drug dosage sorts. It is also a big producer of energetic chemicals (explosives and propellants) for the protection market as well as a novel class of preservatives and antimicrobials. Copperhead’s products and solutions are offered globally.
“The acquisition of Copperhead and its affiliated organizations boosts our penetration of the pharma market place,” explained Dr. Raj Chakrabarti, President of PMC Group Intercontinental. In accordance to Dr. Chakrabarti “this new acquisition will fit neatly and synergistically with our other Pharmaceutical products and services and production providers – in particular PMC Isochem in France with a few web pages that contain producing of excipients and APIs as well as protein engineering, drug growth and drug discovery companies and PMC YM-Pharma in Hyderabad, India, which offers process progress and sophisticated pharmaceutical intermediate production companies.” Dr. Raj Chakrabarti added that Copperhead will also have additional manufacturing and advertising and marketing synergies with PMC Ouvrie, which is a main supplier of defoamers, surfactants, and protective colloids for foods and other industrial apps. He even more added that “with the acquisition of Copperhead, PMC Group Worldwide is now poised to offer an conclude-to-conclusion CDMO giving spanning all phases of drug development and manufacturing throughout three continents.”
ABOUT PMC Team Companies:
PMC Group is a US centered development oriented, diversified, world chemical compounds and prescribed drugs enterprise committed to progressive solutions to just about every will need in a wide array of stop markets such as, plastics, shopper solutions, electronics, coatings, packaging, mining, personal treatment, meals, automotive and pharmaceuticals. The Organization was crafted on a sustainable design of advancement by means of innovation while advertising and marketing social fantastic. PMC operates from a world manufacturing, innovation, and internet marketing system with amenities in the Americas, Europe, and Asia. Far more information about PMC Group and its pursuits close to the globe can be found at www.pmc-group.com.
Get hold of: Patti Griggs 856-533-1870
Key word: PENNSYLVANIA NEW JERSEY UNITED STATES NORTH The usa
Marketplace Key phrase: Producing Well being PHARMACEUTICAL PACKAGING Chemical compounds/PLASTICS
Source: PMC Team Intercontinental, Inc.
Copyright Business enterprise Wire 2021.
PUB: 02/22/2021 06:28 PM/DISC: 02/22/2021 06:28 PM
Copyright Business Wire 2021.