Wasdell Strengthens Offering with Honeywood Acquisition

The Wasdell Group has acquired Honeywood Limited, a specialist manufacturer and packager located in Northampton, UK.
 
The acquisition will strengthen and expand Wasdell’s manufacturing and packaging capacity in the UK to support the company’s growing client portfolio.
 
"We are excited to announce the acquisition of Honeywood into the Wasdell Group," said Vincent Dunne, chief executive officer, Wasdell Group. "Expanding our current offering is the latest step in our ongoing strategic growth plans to meet rising demand for outsourced pharmaceutical services. By increasing our capacity and service offerings here in the UK, we will be able better service our growing client base in the U.S. as they look to Wasdell to provide a fully outsourced supply chain for their products within Europe."
 
Bringing additional experience into the Wasdell Group, Honeywood has operated as a contract manufacturer to the pharmaceutical and healthcare industries for over 20 years.
 
Martin Tedham, chairman of the Wasdell Group, said, "Honeywood caught our attention due to its synergies with the existing Wasdell operations. In particular, its oral liquid manufacturing capabilities will allow us to instantly increase capacity beyond our Newcastle upon Tyne facility to meet customer requests. Customers will benefit from expanded services, capacity and continuity."
 
The acquired site will also help to maintain the group’s additional portfolio of nutraceutical clients.
 

In addition, the latest news follows the recent announcement of the group’s European headquarters in Dundalk, Ireland, a custom-built state-of-the-art facility that is set to open its doors later this month.

Register as Visitor to CPhI China 2019!

-----------------------------------------------------------------------
Editor's Note:

If you have any suggestion to the content, 

please email: Julia.Zhang@ubmsinoexpo.com.