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PCI SERVICES ACQUIRES VIRGINIA PHARMACEUTICAL PACKAGING CONCERN

 PHILADELPHIA, Feb. 5 /PRNewswire/ -- PCI Services, Inc. (NASDAQ-NMS: PCIS), a leading independent packaging service firm for the pharmaceutical industry, today announced that it has exercised its purchase option to acquire PCI of Virginia, Inc. (PCI/Virginia), an FDA-registered pharmaceutical packaging facility in Richmond, Va., from MEDIQ Incorporated (AMEX: MED).
 The purchase price is $2.3 million.
 PCI Services has been operating PCI/Virginia under a management contract since October 1991.
 PCI Services is a principal supplier of specialty packaging services to the pharmaceutical industry.
 /delval/
 -0- 2/5/93
 /CONTACT: Michael F. Sandler, vp and CFO of PCI Services, 609-665-9399/
 (PCIS MED)


CO: PCI Services, Inc.; PCI of Virginia, Inc.; MEDIQ Incorporated ST: Pennsylvania, Virginia IN: MTC SU: TNM

MK-LJ -- PH022 -- 3592 02/05/93 14:27 EST
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Publication:PR Newswire
Date:Feb 5, 1993
Words:128
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