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Reliable Biopharmaceutical Announces New Investor and Chairman

Reliable Biopharmaceutical LLC, a cGMP manufacturer of active pharmaceutical and high purity ingredients is excited to announce that Blue Diamond Capital LLC has joined the Reliable team. Blue Diamond Capital, led by its founder John Hollenbach, invested in the St. Louis-based company. Additionally, John will assume the position of Executive Chairman of the Board. “Reliable has a strong foundation in which we look for in a business: diverse manufacturing capabilities, robust quality systems and culture, and a strong leadership team,” said John Hollenbach.

David Feldker, President and CEO of Reliable, added “John brings decades of experience and connections in the pharmaceutical manufacturing industry. He has a proven track record of building businesses in the specialty chemical industry. We look forward to leveraging his management experience, business relationships and knowledge of the markets in which we operate. ” Blue Diamond Capital’s operating team and leadership will help the company expand its capabilities and take advantage of the ever-expanding demand for high quality raw materials and active ingredients used by injectable therapeutics producers.

About Reliable Biopharmaceutical LLC
Reliable is an integrated developer and cGMP-certified manufacturer of Active Pharmaceutical Ingredients (APIs) and High Purity Ingredients (HPIs) for pharmaceutical and biologics production. It has established a strong position as a developer and manufacturer of complex generic injectable APIs. The company has a number of DMFs that have been accepted by Regulatory Agencies and has more in various stages of development. Reliable also manufactures critical raw materials used in biopharmaceutical drug production, including high purity sugars, biological buffers, reagents, and excipients.

About Blue Diamond Capital LLC
Blue Diamond Capital, LLC is a Raleigh, NC based investment firm actively investing in proven lower to middle-market companies ranging from $2 million to 200 million in revenue. BDC focuses on family-owned, founder-owned or privately held companies seeking a transition, are needing capital to expand or are poised to achieve a leading position in supporting the life science, advance technology or industrial related industries. Its principles and advisors have more than 100 years of collective experience in managing and operating businesses, strategic planning, succession planning and structuring and financing transactions.

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Source: PRWeb
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