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:10/12/2017)... , ... October 12, 2017 , ... IsoComforter, Inc. ( ... announced today the introduction of an innovative new design of the shoulder pad. ... you get maximum comfort while controlling your pain while using cold therapy. By utilizing ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... a leader in post-acute health care, have expanded their existing home health joint ... Health. , AccentCare has been operating a joint venture home health company with ...
(Date:10/12/2017)... LOS ANGELES (PRWEB) , ... October 12, 2017 ... ... of Parsa Mohebi Hair Restoration, has recently contributed a medical article to the ... doctors, on cosmetictown.com. Dr. Mohebi’s article spotlights the hair transplant procedure known as ...
(Date:10/12/2017)... D.C. (PRWEB) , ... October 12, 2017 , ... Leading ... their peers in Washington, D.C., for the 49th Congress of the International Society ... ., Vice President of the Center for Cancer and Blood Disorders at ...
(Date:10/12/2017)... ... October 12, 2017 , ... Women-owned and Grand ... Best and Brightest in Wellness® by Best and Brightest. OnSite Wellness will be ... Oct. 20 from 7:30 a.m. to 2 p.m. at the Henry Autograph Collection ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... Divoti USA will engrave and process all non-coated ... latest FDA requirements, which stipulates new criteria regarding medical device manufacture ... Medical ID jewelry such as Medical ID Bracelets, can rest assured ... of the new FDA requirements . ... Divoti offers this dark mark fiber laser engraving process ...
(Date:10/11/2017)... 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), today ... Las Piedras, Puerto Rico , where ... Following a comprehensive ... minor structural damage, temporary loss of power and minimal ... completed, manufacturing operations have resumed, and the company expects ...
(Date:10/4/2017)... Korea , Oct. 4, 2017  South Korean-based ... next-generation CPR training aide "cprCUBE" on Kickstarter. The device ... compression during cardiac arrests with better efficiency compared to ... also offers real-time feedback on efficacy of the compression ... crowdfunding campaign has a goal to raise $5,000. ...
Breaking Medicine Technology: