Pillar 5 Pharma Inc.
Arnprior, BC | Exited
Industry: Contract manufacturing
President: Dwight Gorham
Rouge River Capital Investment Role: Lead Investor
Rouge River Capital Ownership: Minority
Year of Initial Investment: 2008
Year of Exit: 2022
While Pillar5 Pharma Inc. is a new company, the Arnprior, Ontario manufacturing facility was established in 1956 by Pfizer Canada Inc. and more recently owned by KEATA Pharma Inc.
In 2008, KEATA filed for bankruptcy. In a successful attempt to save the company, Rouge River Capital teamed up with management and local investors to acquire the assets of the plant, and was able to convince key customers to remain with the business.
With over 100 employees, the facility has a long-standing record of manufacturing quality products for the pharmaceutical industry. With tens of millions of dollars in investment over many years, the Arnprior manufacturing facility is equipped with state-of-the-art equipment, infrastructure and processes, along with proven expertise in the manufacturing and packaging of oral, solid and sterile ophthalmic products.
Today the company is profitable, has a strong balance sheet, and is embarking on an ambitious and aggressive capital expansion in order to enter new markets.
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