PE-Backed Patheon Closes Buy of Banner Pharmacaps

Mississauga, Ontario-based Patheon Inc., a provider of pharmaceuticals development and manufacturing services, closed its buy of Banner Pharmacaps Inc. for US$255 million. The High Point, North Carolina-based Banner Pharmacaps focuses on research, development and manufacturing of unique gelatin-based dosage forms. Patheon has since 2007 been a portfolio company of New York private equity firm JLL Partners.

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