Navigation Links
Pillar Capital Announces Acquisition of Medico Labs' Assets
Date:10/2/2009

NEW YORK, Oct. 2 /PRNewswire/ -- Pillar Capital is pleased to announce its acquisition of the assets of Medico Labs of Hamilton, NJ, pursuant to an order of the Bankruptcy Court for the District of New Jersey, dated September 17, 2009, approving the sale free and clear of claims. The Medico Labs business will be rebranded as Chartwell Pharmaceuticals.

Medico Labs, established in 2000, manufactures and distributes private label and store brand pharmaceuticals for companies throughout North America and many countries overseas. The company also performs contract manufacturing services for some of the leading names in the pharmaceutical industry.

"Medico is a strong business with a committed and loyal customer base. Its products can be found in many countries and has a tradition of quality manufacturing," said Jack Goldenberg, Managing Partner of Pillar Capital. "With a strong balance sheet and an enhanced management team, the company will be able to significantly expand its ability to service the needs of its clients."

Medico currently manufactures more than 50 OTC pharmaceutical and neutriceutical liquids, sprays, gels and powders. The company anticipates continued expansion of its existing line of products. The company is also examining significant opportunities to enter the NDA drug market. As one of a select group of domestic manufacturers of OTC products, Medico's manufacturing capacity allows it to respond quickly to emergent opportunities in the still thriving US marketplace.

Medico's domestic and overseas distribution ability and client base allows the company to react to changing market conditions and survive the up and downs of various markets without significant risk to their overall business.

Pillar Capital was advised by Hahn & Hessen LLP (www.hahnhessen.com) in this transaction.

About Pillar Capital

Pillar Capital, based in New York City, specialized in the acquisition and management of businesses with significant growth prospects. Most of these businesses face financial, operational, or legal distress. Pillar brings experienced turn-around management oversight to these companies enabling their return to profitability and growth in the shortest timeframe possible.

For more information email info@pillarholdings.com.

SOURCE Pillar Capital


'/>"/>
SOURCE Pillar Capital
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Imaging features of intraductal papillary mucinous neoplasms of the pancreas
2. Caterpillar Logistics Services Retirees Win a Preliminary Injunction Providing Them Premium-Free Retiree Healthcare
3. A long-term survival offered by resection of solid-pseudopapillary tumor of the pancreas?
4. PartsSource Wins Pillar Award for Community Service
5. Capital BlueCross Invites National Association Leader Karen Ignagni to Discuss Status of Health Care Reform
6. Equity Capital Management H1N1 Vaccines and Hard to Treat Diseases (HTDS)
7. Aurora Capital to Acquire Porex Corporation, Leader in Porous Plastic Materials Science
8. HLTH Corporation Announces Agreement to Sell Porex Unit to Aurora Capital Group for $142 Million
9. Capital Gold Group Donates to American Red Cross Disaster Relief for Victims of Southern California Wildfires
10. Capital BlueCross to Cover Administration Costs of H1N1 Vaccine for Fully-Insured Groups, Individuals This Flu Season
11. ASAP Systems Announces Additional Changes to its Inventory, Warehouse, Stock Tracking, Capital and Fixed Assets Management System and Reseller Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association ... Featuring a collection of specialty vendors and unique items from across the nation, this ... health and wellness services offered by the VNA. The boutique will be open ...
(Date:10/13/2017)... , ... October 13, 2017 , ... ... be giving viewers the lowdown on sciatica in a new episode of "Success ... focuses on current events and innovation and investigates each subject in-depth with passion ...
(Date:10/12/2017)... Del. (PRWEB) , ... October 12, 2017 , ... ... and advisory services for healthcare compliance program management, will showcase a range of ... National Association for Assisted Living (NCAL) Convention and Expo to be held October ...
(Date:10/12/2017)... ... 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), one of ... innovative new design of the shoulder pad. The shoulder pad provides optimal support ... your pain while using cold therapy. By utilizing ice and water that is circulated ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... Restoration, has recently contributed a medical article to the newly revamped Cosmetic ... Mohebi’s article spotlights the hair transplant procedure known as Follicular Unit Extraction ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... PROVIDENCE, R.I. , Sept. 25, 2017 /PRNewswire/ ... immunogenicity assessment, vaccine design, and immune-engineering today announced ... focused on the development of personalized therapeutic cancer ... and has provided exclusive access to enabling technologies ... MSc Eng., MBA will lead EpiVax Oncology as ...
(Date:9/22/2017)... , Sept. 22, 2017 AVACEN Medical (AVACEN) ... is now successfully helping those with the widespread pain ... Fibromyalgia diagnosed Amanda in Essex, England ... washing my hair, experiencing no sleep at all, tremendous ... spasm… I cannot recommend [the AVACEN 100] enough, how ...
(Date:9/18/2017)... , Pa. and KALAMAZOO, Mich. , ... Allentown, Penn. , and OptiMed Specialty Pharmacy of ... business partnership to offer a strategic hub service that ... Healthcare,s highly sought-after personal spirometer, Spiro PD 2.0, and ... A spirometer is a medical device used to ...
Breaking Medicine Technology: