Pharmaceutical label deal
July 19, 2012
CANADIAN firm CCL Industries
has expanded its Australian
operations, with the acquisition of
the Pharmaceutical Division of
Sydney-based Graphitype Printing
Service.
Graphitype is a major supplier of
labels and patient information
leaflets for pharmaceutical clients
in Australia, while CCL already
operates a business in Melbourne
called CCL Label Healthcare.
The acquired business will be
renamed as CCL Label immediately
and will join the Healthcare and
Specialty group of CCL Label North
America and Australia.
“The healthcare sector continues
to be attractive for us,” said CCL ceo
Geoffrey Martin, with the deal
meaning the firm now has sites in
“both of the key pharmaceutical
manufacturing centres” in Australia.
Graphitype’s pharmaceutical sales
were $7.3m for the year to 30 Jun,
with EBITDA of about $2.5 million,
and the division’s business leader
Steve Morris will move across to CCL.
The above article was sent to subscribers in Pharmacy Daily's issue from 19 Jul 12To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 19 Jul 12
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