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Merger of New Jersey's CGS with Rondo-Pak Inc. is planned
Rondo-Pak Inc. (Norristown, PA) is getting a new name: Rondo-Pak LLC—after a merger with Contemporary Graphics and Bindery, Inc. (CGS) is completed in 2016. Rondo-Pak, which provides folded cartons for solid and liquid pharmaceuticals, compliance packaging and clinical trials packaging, has a plant in Norristown and in San Juan, PR. CGS has a plant in Pennsauken, NJ.
Under the leadership of Victor Dixon, Rondo-Pak president, Rondo has been bringing a steady stream of innovations from its Swiss parent, Rondo AG, to the US market; most recently, SafePak, an all-paperboard carton with shock- and vibration-resistant features for syringes and vials, and a pharma carton with an embedded digital screen for enhanced patient communications and branding. “This combination with CGS is a great step forward in realizing our future business growth strategy. We are adding resources and enhancing our production capacities," says Dixon. "This clearly enables us to serve our customers even better.”
[Pictured, left to right: Victor Dixon, Rondo-Pak LLC president and COO; Tim Moreton, chairman & CEO; Steve Hreshko, CFO; Leilani Mathis, VP & controller; and Bob Reilley, SVP of Operations]
CGS’ business is packaging printing for inserts, leaflets medication guides and regulated marketing materials, as well as fulfillment services. Earlier this year, the company was granted a 10-year, $34-million tax break from the Economic Development Authority of New Jersey, in conjunction with a plan to invest $7 million in a plant expansion in Camden, NJ. It’s not known whether the merger will change this plan.
Rondo AG is part of Korber Medipak Systems, which in turn unites several Korber business units: Dividella, Mediseal, Rondo, Seidenader Maschinenbau, and Werum IT Solutions. The business group has a particular focus on serialization and labeling of pharma packages through Seidenader equipment and software, along with Werum’s manufacturing-execution software. Korber Medipak is a unit of Korber Group AG, a private company based in Hamburg, Germany.