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New Water Capital Acquires Trillium

Trillium is the tenth company added to the New Water portfolio, & the third quality-focused & regulated contract manufacturer

An affiliate of New Water Capital L.P., a Boca Raton-based private equity firm focused on lower-middle market companies, announced today its acquisition of Trillium Health Care Products, a premier contract manufacturer of category-leading OTC products for some of the world’s top pharmaceutical companies. 


Based in Brockville, Ontario, Trillium has built a reputation in the pharmaceutical industry for its focus on quality and technical expertise in short and medium production runs across three dosage forms: liquid, solid and semi-solid. The existing Trillium executive team will continue to manage the company, with general manager Jay Webb taking on the role of president. 

“Trillium’s long-standing customer relationships and status as ‘partner of choice’ to many iconic consumer brands speaks to its impeccable quality control, stellar on-time record and excellent service,” said New Water Capital partner Jason Neimark. “We look forward to working with Jay and the Trillium team to identify opportunities to expand our capacity and support our customers in this rapidly growing sector.”

“New Water has demonstrated success with two contract manufacturing companies that have prospered under its management and operations support,” Webb said. “Our partnership with New Water will allow Trillium to invest in our facilities, capabilities and personnel to continue to service our blue-chip customer base. We think it’s a great fit.”

Trillium is the tenth company added to the New Water portfolio since the fund closed in June 2015, and the third quality-focused and regulated contract manufacturer, joining Pegasus Foods, a leading contract manufacturer of frozen appetizers and snacks, and Custom Made Meals, a leading manufacturer of fresh, oven-ready, value-added entrees and appetizers.

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