Alora Pharmaceuticals Subsidiary Sovereign Acquires Monarch PCM Manufacturing Assets
January 4, 2022
Alora Pharmaceuticals' wholly owned subsidiary, Sovereign Pharmaceuticals, acquired substantially all manufacturing capabilities of Monarch PCM, LLC in Fort Worth, Texas through bankruptcy proceedings, closing on January 4, 2022. The deal adds 60,000 sq. ft. of manufacturing space and approximately 48 employees, expanding Sovereign's solid, semi-solid and liquid pharmaceutical manufacturing capacity.
- Buyers
- Sovereign Pharmaceuticals, LLC, Alora Pharmaceuticals, LLC
- Targets
- Monarch PCM, LLC (manufacturing assets, Fort Worth, TX)
- Sellers
- Monarch PCM, LLC
- Industry
- Pharmaceuticals
- Location
- Texas, United States
- Transaction Type
- Buyout
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