PR85481

FREDERICA, Delaware, Sept. 9, 2020 /PRNewswire=KYODO JBN/ --

ILC Dover, Inc. ("ILC Dover" or the "Company"), a world leader in the design

and production of single-use flexible solutions for pharmaceutical and

biopharmaceutical manufacturing, today announced the acquisition of Solo

Containment, Ltd. ("Solo"), a specialist manufacturer of flexible film

isolators based in the United Kingdom. The acquisition will grow ILC Dover's

global pharmaceutical and biopharmaceutical business, expanding its solutions

for high containment and powder transfer to include aseptic flexible isolators,

among others.

Photo - https://mma.prnewswire.com/media/1250421/ILC_Dover_Solo_Containment.jpg 

Solo has supported the life sciences market since 2011, providing customers

across Europe, North America, Asia, and Australia, with advanced flexible film

containment solutions. Solo's flagship products include flexible film

containment isolators, targeting niche HPAPI applications for pharmaceutical

processing and include many custom-designed platforms. Solo has pioneered

single-use aseptic processing isolators using uni-directional high-volume

airflows, and today, all of Solo's products are based on single-use platforms,

a design principle that aligns directly with ILC Dover's leadership in

single-use flexible powder solutions for high containment. The combined

capability set between ILC Dover and Solo will enable pharmaceutical and

biopharmaceutical manufacturers to further eliminate costly cleaning processes

and achieve maximum productivity and safety without sacrificing reliability.  

ILC Dover's featured brands, which include DoverPac(R), EZ BioPac(R), and

ArmorFlex(R), will now be supplemented with a range of HPAPI containment and

aseptic isolator operating platforms and industry-leading brands from Solo,

including soloASEPTIC, soloLAB, soloFLEX, soloVERSO, and soloADC. The

acquisition also provides ILC Dover with a center of excellence in Europe,

facilitating even greater support and responsiveness to customers in that region.

"ILC Dover is pleased to share this exciting news. Solo Containment is an

innovative company that has pushed the boundaries of containment and is aligned

with our commitment to customer-driven, single-use solutions, and the

significant value they bring to the industry," said Fran DiNuzzo, President and

CEO of ILC Dover. "We have experienced incredible success with single-use

solutions for our pharm and biopharma customers, and we're confident that Solo

is the right partner to expand that success. We look forward to building on

Solo's track record and reputation of innovation and customer centricity."

"Partnering with ILC Dover is an exciting step towards continued investment in

innovation for Solo," said Martyn Ryder, the founder of Solo who will remain

with the Company. "ILC Dover shares our vision of the future of flexible

containment, and we look forward to delivering best-in-class performance and

tremendous product value to our global customer base."

This is the first acquisition ILC Dover has completed since announcing a

partnership earlier this year with New York-based New Mountain Capital, a

leading growth-oriented investment firm with over $28 billion in assets under

management. Andre Moura, Managing Director at New Mountain and Chairman of the

Board at ILC Dover, said of the acquisition, "New Mountain is pleased to welcome

Solo Containment into ILC Dover. We believe the combination of the two companies

will drive significant benefits to customers. Solo represents a strong step as ILC Dover

executes on its growth strategy in partnership with New Mountain Capital."

About ILC Dover

ILC Dover is a world-leader in the innovative design and production of

engineered flexible protective solutions for pharmaceutical and

biopharmaceutical, flood protection, personal protection, bulk packaging, and

aerospace industries. Our customers will attest to our relentless dedication to

high value products, advanced technology, and responsive service, as our

visionary solutions have improved efficiency while safeguarding people,

product, and infrastructure in hazardous conditions through flexible protective

solutions since 1947. For more information on ILC Dover, please visit ilcdover.com .

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes

business building and growth, rather than debt, as it pursues long-term capital

appreciation. The firm currently manages private equity, public equity, and

credit funds with over $28 billion in assets under management. New Mountain

Capital seeks out what it believes to be the highest quality growth leaders in

carefully selected industry sectors and then works intensively with management

to build the value of these companies. For more information on New Mountain

Capital, please visit newmountaincapital.com (https://c212.net/c/link/?t=0&l=en&o=2910856-1&h=3336714600&u=http%3A%2F%2Fwww.newmountaincapital.com%2F&a=newmountaincapital.com ).

Source - ILC Dover, Inc.

CONTACT: Michael Mills, mikem@sagefrog.com