company acquires pharmaceutical wholesaler | Northwest Deals

A Liverpool-based energy and liquid transfer specialist has acquired a pharmaceutical wholesaler.

ChargePoint Technology Group, a portfolio company of Arcline Investment Management, has acquired PuroVaso, a leader in the design, development and manufacture of single-use containers, handling equipment and accessories for the pharmaceutical, biopharmaceutical markets and life sciences.

Combined with the ChargePoint Technology portfolio of sterile containment and transfer technology, PuroVaso complements the existing product line.

It offers pharmaceutical manufacturers a wider choice of powder and liquid transfer, storage and handling products that solve customer application-specific problems with increased 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 numerous pharmaceutical, biopharmaceutical and life science customer facilities around the world.

“PuroVaso has extensive 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, Managing Director of ChargePoint.

“With its deep process knowledge, application engineering solutions and relentless customer focus, PuroVaso delivers industry-leading solutions to the highly regulated pharmaceutical and biopharmaceutical landscapes as well as several other process-critical markets. We are very pleased that PuroVaso is joining the ChargePoint solutions portfolio.”

Steve Boswell, co-founder and director of PuroVaso, said, “We are very proud to have developed a handling solution that offers a completely improved and sustainable approach to powder handling. Now is the time to allow the PuroVaso product line to reach its true potential with ChargePoint.”

Co-Founder and Director Duncan Betteley added, “The PuroVaso product is a very good fit for existing ChargePoint products.

“The ChargePoint team has shown a real understanding of the products and a passion to take PuroVaso to the next stage of its development. We believe they are the right organization to support existing customers and stakeholders, and we We look forward to seeing PuroVaso continue to grow internationally under their leadership.”

Steve Boswell and Duncan Betteley will not join ChargePoint as part of the PuroVaso acquisition. With S3 Process Ltd they will however continue as an OEM supplier of the PuroVaso product range in combination with the services they provide to the UK 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).