Acino has acquired Takeda's packaging plant in Põlva, Estonia, to enhance its contract manufacturing and out-licensing activities in emerging markets.
Information on the Target
Acino has successfully finalized its acquisition of a packaging plant located in Põlva, Estonia, previously owned by Takeda. This facility is strategically important for Acino as it aligns with the company's goals to enhance its operations in emerging markets and bolster its out-licensing initiatives.
The Põlva site offers Acino a competitive edge in fulfilling small and specialized volume orders while maintaining high-quality standards, as required by European Union regulations. Barthold Piening, Chief Operations Officer at Acino, expressed confidence in the site's capabilities, emphasizing its suitability for the company's operational needs.
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Industry Overview in Estonia
The pharmaceutical packaging industry in Estonia has seen significant growth, driven by increasing demand for high-quality and efficient packaging solutions. The country has posi
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Acino
invested in
Takeda’s manufacturing site
in 2016
in a Buyout deal