Praxis Packaging Solutions Acquires Advanced Concept Innovations

Praxis Packaging Solutions, a provider of primary and secondary contract packaging solutions, has acquired Advanced Concept Innovations, LLC (ACI).

The strategic combination with ACI further enhances Praxis’ customer offering by broadening its geographic footprint into the Southeastern United States, thereby expanding its capabilities and market segments.

Located in Lakeland, FL, ACI provides contract packaging of medical devices, over-the-counter (OTC), consumer, and health and beauty products, as well as domestic manufacturing of NIOSH surgical N95 respirators. The acquisition adds over 160,000 sq. ft. of manufacturing and warehouse facilities, bringing Praxis’ total footprint to nearly one million sq. ft, following a 125,000 sq. ft. expansion in Grand Rapids, MI earlier this year.

“We are pleased to partner with an organization that aligns with our commitment to quality and exceptional customer service,” said Matt Muller, President of ACI. “Praxis is an ideal partner to help us accelerate our growth while staying true to our mission.”

“We are excited to have ACI and its experienced leadership team join Praxis,” added John Lowry, Praxis’ Chairman and CEO. “We share a common culture of customer-centric, quality-focused packaging services. Together, we believe we will be even better positioned to serve our customers, providing the high level of service and quality that customers have come to expect from both companies.”

Other Pharma Industry Acquisitions

Check out Contract Pharma’s Pharmaceutical Industry Mergers & Acquisitions Roundup.