Probiotic expands manufacturing with packaging buy

Pharmaceutical company Probiotic (ASX: PBP) has increased its manufacturing footprint with the purchase of Sydney packaging company ABS, formally Australian Blister Sealing. Probiotic paid $23 million for the 40-year-old Seven Hills company which provides contract packaging services for the pharmaceutical and food sectors, including bottle filling, labeling and blister packaging. Probiotic managing director, Wes Stringer…

China market heralds boom for Phoslock

Phoslock Environmental Technologies (ASX: PET) this week demonstrated the potential of a new route for local innovation – go from Australian idea to successful product entirely within the China market. As China’s economy grows this route will become increasingly common for manufacturers, especially as Phoslock’s shares have leapt 25 per cent this week on news…