Packaging Coordinators Inc (PCI) Announces Capital Investment in Rockford Facilities
Packaging Coordinators Inc (PCI), formerly AndersonBrecon, a leading supplier of pharmaceutical commercial packaging solutions and clinical trials services in the UK, announces further investment in its Rockford facilities in support of business growth and expansion. The company acquired AndersonBrecon Inc. in May of this year and is adding additional equipment capacity and facilities infrastructure through capital investment, as well as hiring in support of business growth. The company provides packaging services for pharmaceutical and healthcare products, working with leading Pharmaceutical and Biotech companies to bring lifesaving medicines to patients. PCI operates 9 facilities in the greater Rockford, Illinois area totaling over 1 million square feet and employing over 1,300 highly trained associates. PCI is owned by an entity formed by affiliates of lead investor Frazier Healthcare, a leading provider of growth equity and venture capital to high growth and emerging healthcare service and Biotech companies.
CONTINUED GROWTH AND EXPANSION
PCI's Rockford location is experiencing its fourth straight year of significant growth. The company is experiencing substantial growth in 2013, which is anticipated to continue in 2014 and beyond. In support of this growth, PCI has hired approximately 160 associates since January of 2012. Positions added include hourly, skilled labor, as well as management. In addition to hiring, the company is looking to support new business by expanding its machine capacity, warehousing, and facilities infrastructure. PCI has added multiple blister packaging and bottling lines to meet increased demand in Ethical (prescription) and Over-the-Counter pharmaceutical markets and plans additional investment in this area. The company is also investing in support of growth markets including commercial Biotech medicines and Clinical (Investigational) medicines. Capital investments include expansion of on-site refrigerated Cold Chain storage capacity at 2 - 8° Celsius, -20° Celsius, and -80° Celsius.
A HISTORY OF INVESTMENT
The company opened a stand-alone potent compound packaging facility in 2010 and a new Clinical (Investigational) medicines packaging facility in 2011. PCI's largest Rockford facility, located at the Greater Rockford Industrial Park, was most recently expanded in 2008 and comprises over 720,000 square feet. PCI's North American and European sites feature state-of-the-art packaging facilities and cutting edge technologies, supporting very recognizable brands in the global healthcare market. The company packages medicines destined for patients spanning over 100 countries across the globe. PCI's headquarters in Philadelphia, PA employs approximately 475 associates. A facility in Woodstock, IL employs approximately 125 additional associates. PCI's domestic locations are complemented by four packaging sites in Wales, which currently employ approximately 300 associates, mainly in support of pharmaceutical products for the European region.