West Company's $54 mil. purchase of Paco is horizontal merger in pharmaceutical packaging sector.
Executive Summary
WEST COMPANY $54 MIL. PACO PURCHASE IS NEW PACKAGE, adding pharmaceutical packagers to the list of those in the industry exploring horizontal mergers. West Company announced March 24 that it has entered into a definitive agreement with Paco Pharmaceuticals under which West will acquire the Lakewood, N.J. contract packager and manufacturer for roughly $54 mil.