Printer Friendly

PCI SERVICES TO ACQUIRE A LEADING EUROPEAN PHARMACEUTICAL PACKAGING CONCERN

 PCI SERVICES TO ACQUIRE A LEADING EUROPEAN
 PHARMACEUTICAL PACKAGING CONCERN
 PHILADELPHIA, Nov. 3 /PRNewswire/ -- PCI Services, Inc. (NASDAQ-NMS: PCIS), a leading independent packaging service firm for the U.S. pharmaceutical industry, today announced that it has reached an agreement in principle for the acquisition of Allpack Industrielle Lohnverpackung GMBH & Co. KG, of Waiblingen, Germany, a leading European pharmaceutical packaging concern.
 "Allpack has a strong ongoing business serving many of the leading pharmaceutical companies on the Continent, and it also has a pre-eminent research and development capability which we expect to materially benefit PCI's activities in the U.S.," said Bernard J. Korman, chairman of PCI Services.
 Allpack, which reported revenues of US-$30 million for the year ended Dec. 31, 1991, operates plants in Waiblingen and Muggensturm, Germany.
 Definitive agreements are expected to be executed within 45 days.
 PCI Services, with revenues of $75 million, is a principal supplier of speciality packaging services to the pharmaceutical industry, and has 6.2 million common shares outstanding.
 /delval/
 -0- 11/3/92
 /CONTACT: Michael F. Sandler, vice president and chief financial officer of PCI Services, 609-665-9300, ext. 6005/
 (PCIS) CO: PCI Services, Inc.; Allpack Industrielle Lohnverpackung GMBH & Co.
 KG ST: Pennsylvania IN: MTC SU: TNM


CC-MK -- PH008 -- 2049 11/03/92 11:59 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 3, 1992
Words:212
Previous Article:PRODIGY SERVICES: SEINFELD, BECCA THATCHER AND BLOSSOM JOIN TV FAN CLUB OF THE FUTURE
Next Article:FEDERAL RESERVE APPROVES MERIDIAN TRANSACTION
Topics:


Related Articles
PCI SERVICES ANNOUNCES AGREEMENT TO ACQUIRE TRI-LINE OF PUERTO RICO
FAST-GROWING VIATECH TO BECOME CONTINENTAL CAN COMPANY;REVENUES EXPECTED TO SOAR PAST 500 MILLION WITH CONSOLIDATION, NYSE LISTING BEING SOUGHT
PCI SERVICES ACQUIRES VIRGINIA PHARMACEUTICAL PACKAGING CONCERN
PCI SERVICES REPORTS ACQUISITION
CARDINAL HEALTH AND PCI SERVICES, INC. SIGN DEFINITIVE MERGER AGREEMENT
/C O R R E C T I O N - CARDINAL HEALTH, INC./(Correction Notice)
Cardinal Health Acquires Pharmaceutical Packaging Specialties, Inc.
Cardinal Health Acquires U.K.-Based Herd Mundy Richardson, an Analytical Research Firm.
Cardinal Health Acquires Bay Area Pharmaceutical-Packaging Printer Trimaras Printing Company.
Cardinal Health Agrees to Acquire Pharmaceutical Packaging Unit from Rexam Healthcare.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters