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Medical packaging specialist acquires rival

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Martin TedhamMartin TedhamSwindon-based Wasdell Group – Europe’s largest independent specialist manufacturing partner to the pharmaceutical and nutritional industries – has acquired Honeywood Limited.

The move will strengthen and expand Wasdell Group’s manufacturing capacity in the UK to support its growing client portfolio, and follows the recent announcement of the completion of the group’s €36m European headquarters in Dundalk, Ireland.

Northamptonshire-based Honeywood has operated as a specialist manufacturer to the pharmaceutical and healthcare industries for over 20 years. Its acquisition by Wasdell is the latest step in the group’s ongoing strategic growth plans to meet world-wide rising demand for outsourced pharmaceutical services.

Wasdell Group’s chairman Martin Tedham said: “We are delighted that Honeywood has become part of the Wasdell Group.

“Honeywood is an excellent fit with Wasdell’s operations. For example, its oral liquid manufacturing capabilities will allow us to instantly increase capacity beyond our existing Newcastle upon Tyne facility to meet customer demand.

“This acquisition adds capacity to our manufacturing capability here in the UK and will enable us to support our growing number of clients in the US, which already work closely with Wasdell to secure a fully outsourced supply chain for their products within Europe.”

Later this year, Wasdell Technical, the dedicated division that designs and manufactures commercial tooling for the group, will leave its current premises at Blagrove, as the lease on that building comes to an end.

Staff employed at Wasdell Technical will be moving to a site at Groundwell in north Swindon.