USA – DWK Life Sciences (DWK), a leading global manufacturer and supplier of laboratory glassware, plasticware, and primary packaging solutions, has completed the acquisition of Assem-Pak | Aluseal (Assem-Pak).
Based in Vineland, New Jersey, Assem-Pak is engaged in the manufacture of premium rubber stoppers and aluminium seals for customers in the life science segment.
The company also offers premium services such as washing, cleaning, assembling, and kitting of primary packaging.
The acquisition will enable DWK to expand its range of customizable packaging solutions for the life science segment.
DWK Life Sciences (North America) CEO Jeff Schempp said: “The combination of Assem-Pak’s manufacturing capabilities in rubber stoppers and aluminium seals combined with DWK’s global market access makes this a perfect fit for both companies.
“We’re happy to have a great team join the DWK Group to help us achieve our objectives for years to come.”
By strengthening DWK’s value proposition of offering integrated solutions, Assem-Pak will enable organizations to streamline and simplify their complex supply chain operations.
DWK has expanded its manufacturing capacity for glass vials through recent investments in its Rockwood and Holzminden plants located in the US and Germany, respectively.
DWK Life Sciences CEO Armin Reiche said: “Assem-Pak’s combination of manufacturing expertise and service offerings is a great addition to our already extensive global production and service footprint.
“This acquisition will allow DWK to capitalize on increasing demand for custom solutions to meet the complex needs of the life science industry.”
This acquisition put DWK in a better position in the laboratory glassware market, which is slated to record significant revenue gains between 2023 and 2032, powered by significant advancements in the global pharmaceutical sector along with the thriving popularity of glass among chemists and research scientists in laboratories, according to Global Market Insight.
The rising instances of research in genomics and the ongoing development of lightweight laboratory products to offer high thermal resistance will also play an essential role in driving the market forecast.
As the number of R&D activities for drug discovery and development increased, the demand for laboratory glassware also gained strong ground.
The increasing use of various glassware for the development of novel tests and vaccinations, as well as a possible treatment for the virus further boosted the market forecast.
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