A PR Newswire article discussed Tjoapack’s recent acquisition of Pharma Packaging Solutions (PPS). PPS provides commercial packaging solutions for the pharmaceutical industry and adjacent services such as cold chain storage. The move will give the Netherlands-based contract packaging company its first presence in the U.S. market with PPS’s 110,000 square foot facility in Clinton, TN.
The union will give PPS access to the Tjoapack’s global resources and market presence to fuel growth. Tjoapack will invest in PPS to expand its capabilities, such as the addition of automated packaging and labeling capabilities for injectable products. The acquisition was funded by Ampersand Capital Partners, though the financial details were not disclosed.