Actavis Acquires Dutch Company PharmaPack
One of PharmaPack's future roles will be the bulk packaging of pharmaceuticals produced by Actavis.
International generic pharmaceuticals company Actavis Group has acquired Dutch company PharmaPack International, a specialist in packaging pharmaceutical as well as biotechnological products.
Actavis buys a considerable volume of tablets from third-party manufacturers. "The lead times are sometimes between six and nine months and therefore much too long," said ceo and chairman Claudio Albrecht. "With the acquisition of PharmaPack International we are able to reduce these lead times by more than 50%.’
One of PharmaPack's future roles will be the bulk packaging of pharmaceuticals produced in the Actavis’s facility in Alathur (India). Another advantage of this packaging centre will be a significant reduction in freight costs.
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