Leading pharmaceutical outsourcing services provider PCI Pharma Services, which has a base in Tredegar, has announced its intent to acquire Australia-based Pharmaceutical Packaging Professionals.

The acquisition of PPP, a provider of clinical trial manufacturing, packaging, storage and distribution services, establishes a presence for PCI in Australia, viewed as pivotal to continued growth and expansion in the Asia Pacific region.

Located in Melbourne, Australia, PPP is a recognised leader in clinical trial supply with a comprehensive suite of support services.

“The addition of PPP is significant for our continued global expansion,” said Bill Mitchell, president and CEO of PCI Pharma Services.

“The Asia-Pacific region, including Australia, is a very attractive and growing segment in the clinical trials market. Our customers continue to seek new markets both for execution of their clinical studies as well as partners that can support them through the supply chain.”

In October PCI announced the acquisition of Millmount Healthcare, based in Dublin.

PCI has also undertaken site expansions of its Tredegar and Bridgend facilities in Wales.

PCI, headquartered in Philadelphia, is principally owned by Partners Group, with partner investors Thomas H Lee Partners and Frazier Healthcare Partners.