Nolato have bought Cope Allman Jaycare for an initial SEK 179 million (USD $26 million) and a deferred consideration based on earnings up to and including the first quarter of 2014.
Cope Allman Jaycare has a history within pharmaceutical packaging dating back to 1958. The company has 270 employees at its plants in Portsmouth and Newcastle. They have annual sales of around SEK 270 million (USD $39 million), and its customers comprise of a number of international pharmaceutical companies.
Christer Wahlquist, president of Nolato Medical, in a press release said “Nolato already has a strong position in the Scandinavian pharmaceutical packaging market…….This acquisition gives us a local presence in the UK, which is an important part of the global pharmaceutical industry. It also opens doors with a large number of leading international pharmaceutical companies, which are existing customers of Cope Allman Jaycare.”
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