A Liverpool-based power and liquid transfer specialist has acquired a pharmaceutical products wholesaler.
ChargePoint Technology Group, a portfolio company of Arcline Investment Management, has snapped up PuroVaso, a leader in the design, development, and manufacture of single-use containers, handling equipment and accessories for the pharma, biopharma and life science markets.
Combined with the ChargePoint Technology portfolio of containment and sterile transfer technology, PuroVaso complements the existing product range.
It gives pharmaceutical manufacturers a broader choice of powder and liquid transfer, storage, and handling products that solve customers’ application specific problems with enhanced productivity.
Founded in 2016, PuroVaso, based in Swadlincote, Derbyshire, has developed a range of containers, handling equipment, and accessories. The company’s single-use services are fully validated and used in many pharma, biopharma and life science customers’ facilities globally.
“PuroVaso has vast technical expertise in pharmaceutical processing, transfer, handling and storage, with a broad portfolio of products that customers rely on for critical process applications,” said Chris Eccles, chief executive of ChargePoint.
“With its extensive process knowledge, application engineered solutions and relentless customer focus, PuroVaso offers leading solutions to highly regulated pharma and biopharma landscapes along with several other process critical markets. We are very excited to have PuroVaso join the ChargePoint portfolio of solutions.”
Steve Boswell, co-founder and director of PuroVaso, said: “We are very proud to have developed a handling solution that provides an altogether improved and sustainable approach to handling powders. Now is the time to allow the PuroVaso product line to reach its true potential with ChargePoint.”
Fellow co-founder, and director Duncan Betteley added: “The PuroVaso product is a very good fit for the existing ChargePoint products.
“The ChargePoint team showed a real understanding for the products and a passion to want to take PuroVaso to the next stage of its development. We are confident that they are the right organisation to support existing customers and stakeholders, and we look forward to seeing PuroVaso continue to grow internationally under their stewardship.”
Steve Boswell and Duncan Betteley will not be joining ChargePoint as part of the PuroVaso acquisition. With S3 Process Ltd they will however continue as an OEM supplier of the PuroVaso product line in combination with the services they supply into the U.K. market.
ChargePoint was advised on the deal by Eversheds Sutherland (led by Lizzy Tindall and Chris Archer). PuroVaso was advised by Keelys LLP (led by Hitesh Punjani).
