TIDMUDG
UDG Healthcare Public Limited Co.
03 April 2017
Sharp Packaging Services, a division of UDG Healthcare plc,
announces capacity expansion in the US and UK
3 April 2017: Sharp Packaging Services ("Sharp"), a division of
UDG Healthcare plc, a leading international healthcare services
provider, announces capacity expansion projects in the US and the
UK.
In the US, Sharp has purchased a 146,000 square foot
pharmaceutical packaging facility in Bethlehem, Pennsylvania, US
from Daiichi Sankyo Inc. ("DSI") for a total consideration of $14
million, including all equipment and employees. The facility is FDA
approved and currently includes four packaging equipment lines,
cold and frozen storage, office space, warehousing and an
analytical laboratory.
As part of the transaction, DSI will also become a commercial
and clinical client, with Sharp providing packaging services for a
number of their US branded products and clinical trial activity.
This acquisition is expected to have an immaterial impact on FY17
profitability.
In the UK, Sharp has announced a GBP9 million (c. $11.3m)
investment in a new facility in Rhymney, South Wales for its
clinical packaging business. The initial phase of the expansion,
which is expected to be completed by late 2018, will involve the
acquisition and renovation of a 110,000 square foot facility within
the site, more than triple the size of the current UK facility.
Initially 75,000 square foot will be fitted out. The site also
benefits from the potential for further significant capacity
expansion.
Mike O'Hara, Managing Director of Sharp Packaging Services
commented: "In line with our growth strategy, we are delighted to
announce two exciting developments for the Sharp division. We
continue to add further capacity and scalability to both our
commercial and clinical packaging businesses in response to growing
demand for our packaging services."
Contact:
UDG Healthcare
Keith Byrne
Head of IR, Strategy & Corporate Communications
UDG Healthcare plc
Tel: + 353-1-468-9000
Alison Dillon
Marketing Communications Manager - Sharp Packaging Services
Tel: +353-1-468-9000
alison.dillon@sharpserviceseu.com
Powerscourt
Lisa Kavanagh / Jack Hickey
Tel: +44-207-250-1446
Email: udghealthcare@powerscourt-group.com
About UDG Healthcare plc:
UDG Healthcare plc (LON: UDG) is a leading international partner
of choice delivering commercial, clinical, communications and
packaging services to the healthcare industry, employing almost
8,000 people with operations in 23 countries and delivering
services in over 50 countries.
UDG Healthcare plc operates across three divisions: Ashfield,
Sharp and Aquilant.
Ashfield is a global leader in commercialisation services for
the pharmaceutical and healthcare industry, operating across two
broad areas of activity: commercial & clinical services, and
communications services. It focuses on supporting healthcare
professionals and patients at all stages of the product life cycle.
The division provides field and contact centre sales teams,
healthcare communications, patient support, audit, advisory,
medical information and event management services to over 300
healthcare companies.
Sharp is a global leader in contract commercial packaging and
clinical trial packaging services for the pharmaceutical and
biotechnology industries, operating from state of the art
facilities across the US and Europe. Sharp is also a world leader
in 'Track and Trace' serialisation services, which will require all
prescription drugs to have a unique serial code for authentication
and traceability.
Aquilant is a leading provider of outsourced sales, marketing,
distribution and engineering services to the medical and scientific
sectors in the UK, Ireland and the Netherlands.
The company is listed on the London Stock Exchange and is a
constituent of the FTSE 250.
For more information, please go to: www.udghealthcare.com
About Sharp Packaging Services:
Sharp Packaging Services, a division of UDG Healthcare, is a
global leader in contract packaging and clinical services to the
pharmaceutical and biotechnology industry. Operating from
state-of-the-art facilities across the US and Europe, Sharp has
built an international reputation for delivering cost-effective
blister packaging, bottling, pouches and stick packs, compliance
packaging, formulation and manufacturing services, label design and
printing. Sharp is also a world leader in 'Track and Trace'
serialization services, which will require all prescription drugs
to have a unique serial code for authentication and
traceability.
For more information on Sharp and our solutions, visit
www.sharpservices.com or follow us on LinkedIn, and Twitter.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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