PMC Group International Announces Acquisition of Copperhead Chemical Company

25 February 2021

PMC Group International, an independent division of the PMC Group, is Cobra Investments Management and its subsidiary Copperhead Chemical Company ("" Copperhead) and Copperhead Investments were announced to have been acquired from the group owned by these companies on February 5, 2021. Copperhead is responsible for the manufacturing of the three acquired companies and is located on 875 acres of 53 buildings in Tamaqua, Pennsylvania.

Copperhead is the only manufacturer of FDA-approved medicinal nitroglycerin for heart disease in the United States for over 70 years and a custom manufacturer of dosage form products. It is also a leading manufacturer of energetic materials (explosives and propellants) for the defense industry and new classes of preservatives and antibacterial agents. Copperhead products are sold around the world.

Dr. Raj Chakraberti, President of PMC Group International, said: "The acquisition of Copperhead and its affiliates will increase our penetration into the pharmaceutical market. This new acquisition is the Group's other pharmaceutical services and pharmaceutical manufacturers, especially excipients and APIs. For PMC Isochem (France), which has three facilities for manufacturing and protein engineering, drug development, and drug discovery services, and PMC YM-Pharma (Hidelabad, India), which provides process development and advanced drug intermediate manufacturing services. Copperhead also has additional manufacturing and sales synergies with PMC Ouvrie, a leading supplier of anti-foaming agents, surfactants and protective colloids for food and other industries. With the acquisition of Copperhead, PMC Group International is now ready to offer end-to-end CDMO services covering all stages of drug development and manufacturing on three continents. "

About PMC Group companies:

Based in the United States, the PMC Group is a global growth-oriented chemical / pharmaceutical company with a wide range of end markets including plastics, consumer goods, electronics, paints, packaging, mining, personal care, food, automobiles and pharmaceuticals. We are dedicated to innovative solutions that meet all of our needs. Our founding is based on a sustainable model of growing through innovation while promoting social benefits. PMC operates on a global manufacturing / innovation / marketing platform with facilities in the Americas, Europe and Asia. For more information about PMC and our business worldwide , please visit www.pmc-group.com .

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Source: businesswire.com