Frazier Healthcare and Packaging Coordinators, Inc. today announced that they have completed the acquisition of pharmaceutical packager AndersonBrecon from its parent company AmerisourceBergen Corporation. AndersonBrecon will now merge with and operate as Packaging Coordinators, Inc. (“PCI”).
“We are extremely excited to bring the experience of the AndersonBrecon team to propel our national presence and establish a European footprint for PCI,” said Bill Mitchell, PCI President and Chief Executive Officer. “PCI has been on an aggressive growth track in the last year, focused on providing customers with quality resources and packaging solutions. We will now have a combined operating space of approximately two million square feet, more than 140 commercial and clinical packaging suites, and operations in both the US and UK with over 2,000 associates. Combined, we will now package product for 19 of the top 20 global pharmaceutical/biotechnology companies.”
Frazier Healthcare, founded in 1991 to invest exclusively in healthcare, is a leading provider of growth equity and venture capital to high growth and emerging healthcare companies. They are joined in this transaction by QIC Global Private Equity, Greenspring Associates and Thomas, McNearney & Partners.
“We are extremely pleased to complete this transaction and look forward to providing industry leading quality and service under the leadership of Bill Mitchell and a terrific combined management team.” said Nathan Every, Frazier Healthcare General Partner and PCI Board Member.