Nova Pack Merges with NowPac to Offer Advanced Contract Packaging Solutions
ByAinvest
Tuesday, Mar 4, 2025 4:56 am ET1min read
AHG--
Established in 1988, NowPac has been a leader in delivering expert contract packaging, display assembly, and re-packaging solutions for the healthcare sector [1]. With a focus on quality and compliance, NowPac has successfully delivered scalable, innovative solutions to market, making it an attractive strategic partner for AHG.
AHG, founded in 1990, has been partnering with healthcare companies to provide packaging assembly and secondary packaging services through its Nova Pack subsidiary [1]. The company's strength in healthcare logistics and distribution management, combined with its national supply chain network in Canada, positions the JV to provide flexible solutions that optimize the supply chain for healthcare customers.
The financial terms of the transaction were not disclosed, but AHG anticipates the JV to be immediately accretive to cash flow and earnings per share [1]. The JV will be led by Kris Calder, President of NowPac, and will leverage AHG's coast-to-coast healthcare supply chain network and technology to deliver enhanced services.
NowPac's technology and automation solutions provide the JV with packaging scalability to address a broader range of customer demand [1]. The JV aims to provide customers with access to enhanced services and value by combining NowPac's expertise in contract packaging with AHG's strengths in healthcare logistics and distribution management.
References:
[1] Andlauer Healthcare Group. (2025, March 3). Andlauer Healthcare Group Announces Joint Venture Between Nova Pack and NowPac. Retrieved from https://www.newswire.ca/news-releases/andlauer-healthcare-group-announces-joint-venture-between-nova-pack-and-nowpac-825073013.html
NVMI--
Andlauer Healthcare Group (AHG) has formed a joint venture with NowPac, a Canada-based contract packaging specialist, to create a JV offering advanced packaging solutions. AHG's Nova Pack subsidiary will merge with NowPac, combining 65 years of experience in contract packaging. The JV will leverage AHG's healthcare supply chain network and technology to deliver enhanced services. The financial details of the deal are undisclosed, but AHG anticipates the JV to contribute to its cash flow and earnings per share.
Andlauer Healthcare Group (AHG), a leading Canadian healthcare supply chain and logistics provider, has announced the formation of a joint venture (JV) with NowPac, a Toronto-based contract packaging specialist [1]. The JV, which combines AHG's Nova Pack subsidiary with NowPac, aims to provide advanced contract packaging solutions leveraging technology, automation, and 65 years of combined experience.Established in 1988, NowPac has been a leader in delivering expert contract packaging, display assembly, and re-packaging solutions for the healthcare sector [1]. With a focus on quality and compliance, NowPac has successfully delivered scalable, innovative solutions to market, making it an attractive strategic partner for AHG.
AHG, founded in 1990, has been partnering with healthcare companies to provide packaging assembly and secondary packaging services through its Nova Pack subsidiary [1]. The company's strength in healthcare logistics and distribution management, combined with its national supply chain network in Canada, positions the JV to provide flexible solutions that optimize the supply chain for healthcare customers.
The financial terms of the transaction were not disclosed, but AHG anticipates the JV to be immediately accretive to cash flow and earnings per share [1]. The JV will be led by Kris Calder, President of NowPac, and will leverage AHG's coast-to-coast healthcare supply chain network and technology to deliver enhanced services.
NowPac's technology and automation solutions provide the JV with packaging scalability to address a broader range of customer demand [1]. The JV aims to provide customers with access to enhanced services and value by combining NowPac's expertise in contract packaging with AHG's strengths in healthcare logistics and distribution management.
References:
[1] Andlauer Healthcare Group. (2025, March 3). Andlauer Healthcare Group Announces Joint Venture Between Nova Pack and NowPac. Retrieved from https://www.newswire.ca/news-releases/andlauer-healthcare-group-announces-joint-venture-between-nova-pack-and-nowpac-825073013.html
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