Mumbai: Bilcare along with US-based Meadwestvaco Corp, has acquired a pharmaceutical packaging company International Labs, Florida, for an undisclosed amount.

The domestic pharmaceutical packaging solutions provider said in a filing to the Bombay Stock Exchange that the deal would help to make adherence packaging more widely available to consumers throughout the global marketplace.

Bilcare, however, did not disclose the terms of the agreement and the financial details of the acquisition.

"We are excited about the acquisition of International Labs; our partnership with MVW will allow us to combine our global experience, primary and secondary packaging expertise, and research and development capabilities to serve customers and consumers throughout the world," Bilcare Managing Director Mohan Bhandari said.

The partnership would combine Meadwestvaco's (MWV) capabilities in healthcare packaging design and Bilcare's research and expertise in materials, products, processes and services.

Source : PTI