Close×

PCI Pharma Services (PCI) has completed its acquisition of Melbourne-based Pharmaceutical Packaging Professionals (PPP).

PPP provides clinical trial manufacturing, packaging, storage and distribution services, and will allow PCI to offer earlier-stage outsourcing services to its customers conducting trials in the region.

PCI is a pharmaceutical outsourcing services provider, and its acquisition plans were announced last month.

The company plans to establish PPP’s Melbourne, Victoria offices as its regional headquarters for Asia Pacific, led by the founder of PPP and current senior vice president for PCI Asia Pacific, Craig Rogers.

Australia is a preferred destination for conducting Phase 1 clinical studies, and the acquisition allows PCI to provide new services in early phase clinical sterile and non-sterile drug manufacture as well as establishes a PCI depot to serve the Asia Pacific market.

 

Food & Drink Business

A $27 million write-down of legacy inventory drove reported EBITDAS to negative $35 million, while net debt finished at $89 million against $90 million guidance.

SPC Global has delivered normalised EBITDA of $38.5 million for FY26, up 27 per cent and ahead of guidance for 25 per cent growth, on net sales revenue of $331.8 million.

Turnover and employment are at record levels in Australia’s food and grocery manufacturing sector and exports are also climbing, according to Australian Food and Grocery Council’s (AFGC) latest State of the Industry report. But the figures came with a warning – ongoing pressure on margins and operating costs could weaken the sector’s capacity to invest and grow over the long term.