See What’s Possible in Life Sciences Packaging @ PACK EXPO International
2,600 exhibitors. 150+ free educational sessions. See packaging solutions for life sciences & more @ PACK EXPO International, Oct 18-21 in Chicago
REGISTER NOW & SAVE

Create a free Healthcare Packaging account to continue reading

AmerisourceBergen completes divestiture of AndersonBrecon

AmerisourceBergen Corporation (NYSE: ABC) today announced that it has completed the previously announced divestiture of its contract packaging business, AndersonBrecon, to an entity formed by affiliates of an investor group led by Frazier Healthcare VI, L.P. for the purpose of acquiring AndersonBrecon.

This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.

The purchase price for the transaction was $308 million in cash, subject to customary adjustments for, among other things, the working capital of the business. The investor group includes affiliates of Greenspring Associates, QIC Global Private Equity, and Thomas McNerney & Partners.

The results of operations of AndersonBrecon are reported within discontinued operations. Therefore, the completion of the divestiture has no impact on AmerisourceBergen's financial performance expectations for fiscal 2013, which were updated on April 25, 2013. Any gain on the sale of AndersonBrecon will be recorded within discontinued operations, and is excluded from our updated fiscal 2013 financial expectations.

See What’s Possible in Life Sciences Packaging at PACK EXPO International
Explore new machinery & materials from 2,600 exhibitors. Gain insights from 150+ free educational sessions. Find solutions to tackle the toughest challenges—for life sciences & beyond—at North America’s largest packaging & processing event.
REGISTER NOW & SAVE
See What’s Possible in Life Sciences Packaging at PACK EXPO International
Recyclable pill bottles are gaining pharmacy ground
Aluminum and paper-based prescription bottles are moving from concept to commercial reality. Here's what pharmacy and packaging leaders need to know.
Read More
Recyclable pill bottles are gaining pharmacy ground