The Qualicaps Group Signs Definitive Agreement to Acquire Pharmaphil, Inc. of Windsor, Ontario Canada.GREENSBORO, N.C. -- The Qualicaps Group, a global supplier of empty two-piece gelatin gelatin or animal jelly, foodstuff obtained from connective tissue (found in hoofs, bones, tendons, ligaments, and cartilage) of vertebrate animals by the action of boiling water or dilute acid. and non-gelatin capsules and capsule filling and sealing equipment, has signed a definitive agreement to acquire Pharmaphil, Inc., a manufacturer of empty gelatin capsules. The transaction is subject to final due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and customary regulatory clearances and is expected to close within the next few days. Pharmaphil, based in Windsor, Ontario Windsor is the southernmost city in Canada and lies at the western end of the heavily populated Quebec City-Windsor Corridor. Windsor is located directly south of Detroit and is separated from that city by the Detroit River. The city has views of the Detroit skyline. Canada, opened for business in 1965 as an independent company, but soon became a subsidiary of RP Scherer Corporation (now a Cardinal Health <includeonly></includeonly> Cardinal Health (NYSE: CAH) is a premier, global healthcare company dedicated to making healthcare safer and more productive. Overview Headquartered in Dublin, Ohio, Cardinal Health, Inc. company) for more than thirty years until it underwent a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. in 2004. After the Qualicaps acquisition, Pharmaphil will become a subsidiary of the Qualicaps' U.S. operation. Qualicaps has pursued a growth strategy that includes both organic business development and acquisition since its 2005 acquisition by global private equity firm The Carlyle Group. With its Quali-V([R]) brand of non-gelatin HPMC HPMC Hydroxypropylmethylcellulose HPMC High Priority Machine Check HPMC Honda Parts Manufacturing Corporation HPMC High Performance Manufacturing Consortium HPMC High Performance Membrane Chromatography HPMC Horticultural Produce Marketing and Processing Corporation Ltd. capsules and its LIQFIL[TM] brand of capsule filling and related equipment, Qualicaps provides a full service proposition to its pharmaceutical and dietary supplement customers in markets worldwide. "The acquisition of Pharmaphil provides Qualicaps additional access to both an experienced management team and work force. Pharmaphil's high-quality production capability and its relationships with several major customers in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. pharmaceutical and dietary supplement market segments complement perfectly Qualicaps' growth strategy," said Herbert L. Hugill, chairman and chief executive officer of Qualicaps. "With Qualicaps' broader product line and global reach, this transaction brings additional value to Pharmaphil's customers by offering a broader package of capsules and equipment to help satisfy their requirements for growth," said Vancho Cirovski, co-owner, Pharmaphil. Qualicaps is an international company with manufacturing sites in the United States, Spain and Japan. In addition to gelatin and HPMC (non-gelatin) capsules, Qualicaps offers a proprietary product line of capsule filling and sealing machinery and related equipment, making the company a full-service, global provider for the two-piece capsule users from around the world. |
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