Pharmavite breaks ground on Alabama facility
NORTHRIDGE, Calif. — Pharmavite on Monday broke ground on the company’s new manufacturing and packaging facility in Opelika, Ala. Representatives from Pharmavite were joined by Alabama governor Robert Bentley, Alabama speaker Mike Hubbard, U.S. Rep. Mike Rogers and local community and business leaders.
“We are honored to officially join the Opelika and greater Alabama community, and we’re looking forward to accomplishing many great things together,” stated Mark Walsh, Pharmavite COO. “This new facility represents a significant step in the growth of Pharmavite and will serve as a model manufacturing facility for the entire vitamin and supplement industry.”
The 330,000-sq.-ft. facility, which will produce Nature Made soft gels and tablets, supports Pharmavite’s strategy to capitalize on the growing global consumer trends on health and wellness. Pharmavite initially will invest approximately $76.5 million in capital during the first year, and, based on future growth, expects to add to this investment over the coming years.
“Today’s groundbreaking is the beginning of a bright future for Pharmavite in Opelika. Pharmavite has an excellent reputation worldwide, and I am proud to say they will now be one of Alabama’s latest corporate citizens,” Bentley said. “The jobs and investment Pharmavite is making in Alabama helps us show the rest of the world that Alabama is a great place to live and do business.”
Once operational in early 2013, the facility is expected to employ approximately 280 employees in the first year of operation. A few managerial positions are expected to be filled this year; the recruiting for the majority of positions will begin in June 2012.
Hope Paige Medical launches TextID medical jewelry
WEST CONSHOHOCKEN, Pa. — Hope Paige Medical has introduced a new line of short message, service-enabled medical jewelry that is designed to quickly provide patients’ medical information via text message.
TextID uses SMS technology to relay life-saving information about a patient, Hope Paige Medical said. How it works: emergency medical personnel will be able to access a patient’s self-created emergency profile — which can be created online for $12 for the first year of membership (and $10 each year thereafter) — which provides detailed medical information, such as current medications, emergency contacts, etc., which can be accessed by text messaging their unique personal identification number, which is engraved on each patients’ customized medical ID jewelry, to 5-10-20.
Users of TextID medical jewelry can create their personal medical profile in minutes, which can include up to 10 emergency contacts, and can be updated at any time from any computer or smartphone at no additional charge, the company said.
TextID is powered by ICEdot, an emergency identification and notification service that enables people to store their medical and personal information in a secure online account.
"We are honored to be partnering with ICEdot to provide life-saving information to people that need it," Hope Paige Medical president Shelly Fisher said. "An individual’s information will be conveniently delivered in a text message to any cell phone. TextID is available on all major mobile phone networks. It’s perfect for anyone with a medical condition, people engaged in active lifestyles, children or elderly who wander, and those unable to effectively communicate. And because TextID makes it easy to notify emergency contacts as well as access medical information, it provides peace of mind to anyone seeking to protect their loved ones, whether or not they have a medical condition."
Implus acquired by Trilantic Capital; foot care co. poised for growth
NEW YORK — Trilantic Capital Partners, a global private equity firm, on Tuesday announced that it has partnered with management to acquire Implus, a leader in the footwear, outdoor and fitness accessories markets. Financial terms of the transaction were not disclosed.
Trilantic will partner with CEO Seth Richards and president Todd Vore to provide capital to allow the company to execute on its key growth initiatives. "Trilantic is a partner who will help us expand across business lines and in new markets, both in the [United States] and overseas, where we see tremendous opportunity," Richards said. "Trilantic has proven to be a successful partner in helping the management teams of middle-market businesses grow organically and through acquisitions. We look forward to a successful partnership."
Implus designs, markets and distributes branded consumer accessories, including insoles, shoe care products, socks, sports monitors, seasonal items and fitness products. The company supplies its products to specialty retailers and mass market chains in 70 countries across the United States, Europe and Asia.
"Implus has a strong competitive position with a proven track record of growth through innovation, customer expansion and strategic acquisition," noted Charlie Moore, partner at Trilantic.