COOKEVILLE, Tenn., May 9 Tim Booth, a 20-year health careveteran, has been named the new President and CEO of PrePak Systems Inc., aturnkey pharmaceutical packaging company based in Cookeville, Tenn. Theannouncement was made last week by the company's parent, PrePak Holdings,which is preparing the five-year-old business for more growth and expansionwith financial support from its largest shareholders, Enhanced Equity Fund, LPand Reliant Star Capital, Inc.
"This is an exciting development for our employees and our shareholders,"commented retiring President/CEO Bob Allen, who will now serve as boardchairman of PrePak Holdings. "Tim brings a wealth of experience in the healthcare packaging arena to our team, and he provides a unique set of managementskills to take PrePak to the next level."
Booth previously served as the President of RxPak, a division of McKesson,where he managed a packaging operation that grew into a billion-dollarenterprise during his seven-year term. His background in banking and financeenabled him to oversee the operational development and diversification atRxPak.
"I think there's a tremendous opportunity for growth at PrePak," Boothcommented. "In addition to a quality management team and a strong work ethic,there is a true entrepreneurial approach ingrained in this organization thatwill continue to foster successful results for PrePak's clients andshareholders."
In addition to overall operations, Booth will be responsible for growingPrePak's existing business while also setting up a corporate structure thatwill foster more expansion and acquisitions. In just five years, the companyhas grown from 10 to almost 150 employees, as well as expanding facilitiesfrom 10,000 square feet to more than 75,000. New capital expenditures andadditional space are in development to expand the company's capabilities andfacilities even further.
About PrePak Systems
PrePak offers primary pharmaceutical fulfillment services for government,commercial and institutional markets. The company is a registered FDA facilityand maintains DEA, GSA and Tennessee Board of Pharmacy licenses. Itscapabilities include schedule drugs (CII-CV), Rx, OTC and Nutraceuticals, withbatch or high volume fulfillment in bottling, blisters, pouching, kitting orreworks.
To learn more about PrePak Systems Inc., visit www.prepaksys.com or call866-465-4506.
SOURCE PrePak Systems Inc.