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Olympus Partners acquires pharmaceutical packaging firm Holopack International

Connecticut-based private equity firm Olympus Partners has acquired Holopack International from the Hansen Corporate Group.

Connecticut-based private equity firm Olympus Partners has acquired Holopack International from the Hansen Corporate Group.

Holopack International, headquartered in Columbia, South Carolina, will immediately change its name to the Ritedose Corporation.

Ritedose Corporation is a US contract blow-fill-seal manufacturer, in which a plastic container is moulded, filled and sealed in a continuous sterile process.

The company manufactures a variety of prescription pharmaceuticals targeted primarily at the respiratory market. These products are primarily administered through nebulizers. In addition, it uses RiteDose, its patented unit dose technology, to package over the counter pharmaceuticals for major brands.

Rob Morris, managing partner of Olympus Partners, says: ‘We are excited about investing beside Ritedose Corporation’s management to continue rapidly expanding its business with existing and new customers and maintaining its position at the cutting edge of blow-fill-seal technology.’

Founded in 1988, Olympus Partners focuses on providing equity capital for middle market management buyouts and for companies needing capital for expansion. An active, long-term investor across a broad range of industries including health care services, financial services, consumer products and business services, Olympus manages more than USD3bn on behalf of corporate pension funds, endowment funds and state-sponsored retirement schemes.

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