Renaissance Acquisition Holdings has acquired Texas-based CDMO DPT Laboratories, which offers MDI and nasal spray testing and manufacturing. DPT has facilities in San Antonio, TX and Lakewood, NJ. According to the company, the management team and business will continue as before.
DPT President and COO Paul Johnson commented, “Renaissance and its management team bring a depth of industry experience, including a specific understanding of the contract manufacturing and development space, along with a successful history of partnering with companies like ours to help them grow. This partnership provides the resources we need to accelerate our longterm strategic plans, which include maximizing our semi-solid and liquid business in San Antonio and achieving aggressive growth in our sterile and specialty products business in Lakewood.”
Renaissance Acquisition Holdings President and CEO Pierre Fréchette said, “As we review investment opportunities, we look for outstanding companies that deliver a value-added proposition, with strong management teams and excellent reputations in the markets in which they compete. As a market leader in the contract development and manufacturing space, DPT’s experienced management team has established a world-class reputation in semi-solids and liquids, as well as a sterile business with an outstanding regulatory track record that is poised for significant growth. Partnering with DPT to invest in its continued growth and success is a perfect fit with our strategy of building companies for the long term.”
Read the DPT Laboratories press release.
