AmerisourceBergen Brings In $308M For Pharma-Packing Unit

Law360, Philadelphia (April 2, 2013, 4:12 PM EDT) -- Pennsylvania-based AmerisourceBergen Corp. has agreed to sell its contract pharmaceutical-packing subsidiary AndersonBrecon for $308 million to an investor group headed by Frazier Healthcare Ventures, the companies announced Tuesday.

In a statement, Frazier said AndersonBrecon would join forces with Philadelphia-based Packaging Coordinators Inc., a health care packaging firm that’s part of Frazier’s growth equity portfolio.

"We are pleased to merge two stellar players within the pharmaceutical and biotech packaging business and believe that the combined company will deliver industry-leading quality and service to our customers and a...
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