Purchase of Dutch pharma packaging company will help Actavis achieve better results in smaller markets.
December 2, 2011
by Canadian Packaging Staff
Actavis Group, an international generic pharmaceuticals company based in Iceland, has acquired 100 per cent of the shares in PharmaPack International B.V. for an undisclosed amount.
PharmaPack, based in Zoetermeer, the Netherlands, is a specialist in packaging pharmaceutical as well as biotechnological products. The company has extensive experience with product, organisational and country-specific packaging requirements and has been involved in the pharmaceutical service industry for almost 30 years.
“I have known this professional company for a long time and I am very proud that the owners decided to choose Actavis as their new partner. It is obvious that they had other opportunities as well,” says Actavis chief executive officer and chairman Claudio Albrecht. “This acquisition gives Actavis much greater flexibility in tender markets and allows for minimum order quantities for smaller markets.”
Actavis buys a considerable amount of tablets from third-party manufacturers. “The lead times are sometimes between six and nine months and therefore much too long. With the acquisition of PharmaPack International we are able to reduce these lead times by more than 50 per cent,” adds Albrecht.
One of the Dutch company’s future roles will be the bulk packaging of pharmaceuticals produced in the Actavis facility in Alathur, India. Another advantage of this packaging center will be a significant reduction in freight costs. In summary, PharmaPack International will increase the Group’s cost competitiveness and have a very positive impact on Actavis’ working capital.
Gerard Stevers, director and owner of PharmaPack International, is convinced the decision to sell the company will secure the future of the employees of PharmaPack.
“PharmaPack will benefit from the global organization of Actavis and have a great opportunity to grow within this international group.”
He adds that Actavis has very dynamic growth plans for the future and this expansion will have very positive effects for PharmaPack. “Actavis will need even more capacity for their packing processes and are thinking about expanding this facility.”
PharmaPack’s services in brief:
Actavis is the world’s fourth-largest generic pharmaceutical company. It specializes in the development, manufacture and sale of generic pharmaceuticals and has operations in more than 40 countries, with over 10,000 employees. Actavis operates 14 manufacturing sites in 12 different countries with a total manufacturing capacity of 24 billion tablets/capsules per year.
PharmaPack International has been involved in the pharmaceutical service industry for almost 30 years. In 1983, the company started out as a pharmaceutical contract packager in Rijswijk, the Netherlands. Thanks to their efficient production process, good price-quality ratio and great delivery performance, PharmaPack international developed into one of the largest pharmaceutical packers in Europe, as well as a market leader in the Netherlands. In 1998, successful growth necessitated a move to larger premises in Zoetermeer, where the company is able to provide optimum service in a well-equipped business environment. PharmaPack supports its customers by means of the “one-stop shopping” principle, offering a complete solution – from bulk sampling and storage, to the sourcing of packaging materials and release of end products for transport.