OR WAIT null SECS
Summa Equity has acquired a majority stake in G-CON Manufacturing, a prefabricated cleanroom provider.
Summa Equity announced in a press release on July 20th that it has acquired a majority stake in G-CON Manufacturing, a prefabricated cleanroom provider.
G-CON manufactures turnkey current good manufacturing practice (CGMP)-compliant suites called PODs. PODs are cleanrooms built offsite and differ from traditional structures due to their ease of scalability, mobility, and the ability to repurpose them after the completion of the production process.
"We are proud to partner with G-CON for the next, exciting chapter of its growth trajectory," says Marika Vitiä, director at Summa Equity, in a press release. "We strongly believe G-CON has the potential to significantly accelerate bioprocessing production timelines, to help biopharma manufacturers get to market earlier and fully meet their capacity requirements after launch. This is a vitally important element of the healthcare value chain, ensuring that more of society has access to the right healthcare when they need it."
Founded in 2009 in College Station, Texas, G-CON has sold more than 300 cleanrooms since its inception. Following the acquisition, Summa has stated their goal to support G-CON in expanding their local market while also establishing an overseas presence. The transaction was completed on July 15th.
Source: Summa Equity