M&A Deal Summary

Tjoapack Acquires Pharma Packaging Solutions

On October 21, 2021, Tjoapack acquired packaging company Pharma Packaging Solutions from Carton Service

Acquisition Highlights
  • This is Tjoapack’s 1st transaction in the Packaging sector.
  • This is Tjoapack’s 1st transaction in the United States.
  • This is Tjoapack’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-10-21
Target Pharma Packaging Solutions
Sector Packaging
Buyer(s) Tjoapack
Sellers(s) Carton Service
Deal Type Divestiture

Target

Pharma Packaging Solutions

Clinton, Tennessee, United States
Pharma Packaging Solutions is a healthcare packaging services business that provides commercial packaging and other, complementary services such as cold chain storage, stability and product retain services to a variety of pharmaceutical and medical device industry customers. Pharma Packaging Solutions was founded in 1998 and is based in Clinton, Tennessee.

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Buyer(S) 1

Buyer

Tjoapack

Etten-Leur, Netherlands
Category Company
Founded 1989
Sector Packaging
DESCRIPTION

Tjoapack is a contract packager of medicines servicing clients across five continents and 42 countries. The CPO specializes in primary packaging for solid dosage forms, secondary packaging, and unit dose packaging and now has a total of 19 packaging lines for blisters, wallets, and bottles. Tjoapack was founded in 1989 and is based in Etten-Leur, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Carton Service

Shelby, Ohio, United States
Category Company
Founded 1926
Sector Packaging
DESCRIPTION

Carton Service is a manufacturer of folding cartons and packaging that provides packaging services to enhance or create branding for products in the food, pharmaceutical, and consumer packaged goods industries. Carton Service was established in 1926 and is headquartered in Shelby, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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