Pen & Tec Consulting becomes part of Argenta to offer clients a wider range of global capabilities and product development services
Posted 6 July, 2022
Pen & Tec Consulting is pleased to announce that we will be becoming part of Argenta, the only combined global contract research organisation (CRO) and contract development & manufacturing organisation (CDMO) dedicated to animal health. The acquisition was officially announced today and is subject to regulatory approval but is estimated to be completed in a month’s time.
The combined business will offer clients a wide range of global capabilities and product development services, with the Argenta and Pen & Tec teams working in partnership with customers to stimulate innovation in the feed and food business. Pen & Tec will particularly complement Argenta’s regulatory services teams based in Germany and the United States, offering an unmatched level of expertise. The deal also provides Pen & Tec’s clients with access to a broader range of services and long-term continuity to help get their products to market.
Dr Elinor McCartney, founder, and president of Pen & Tec Consulting said:
“Becoming part of Argenta provides our clients with access to a full range of services and solutions to get their products to market and guarantees long-term business continuity for our customers as well as attractive career development opportunities for our global employee base and future talent. I am eager to continue our legacy as part of Argenta and am confident of a bright future together.”
Will Downie, CEO of Argenta, said:
“Pen & Tec’s expertise in feed and food is well-recognised in the industry. We are very excited about the combined expertise of Argenta and Pen & Tec in the animal health market. This powerful combination will provide tremendous value for customers around the globe.”
Pen & Tec’s current management team will all maintain in their roles. Founder Elinor McCartney will continue to be an integral part of the technical team for the coming 12 months. As a new business unit within Argenta, Pen & Tec will remain located in and operate from Barcelona.
Argenta was advised on the transaction by Stonehaven Consulting AG, a global consulting firm focused on animal health. Financial details of the transaction have not been disclosed.
Founded in 2006 in New Zealand, Argenta’s talented, diverse, and committed employees work on a daily basis to deliver excellence in animal health to customers around the world. With research and GMP manufacturing operations in New Zealand, the United States, the United Kingdom, and Germany, Argenta holds a unique position as the only combined global contract research organization (CRO) and contract development & manufacturing organization (CDMO) specialized in animal health. Argenta operates from “Molecule to Market” in partnership with customers of all sizes from all corners of the world, supporting their Research & Development, clinical research, regulatory, scale up and manufacturing needs along their product development journey. For more information about Argenta, please visit www.argentaglobal.com.
About Pen & Tec
Founded in 2000 to meet the needs of companies faced with the growing complexity of food chain legislation and increasingly stringent requirements for regulatory submissions in the EU, Pen & Tec helps its clients take their products to market faster and offers strategies on optimising returns from existing product portfolios. With over 20 years’ experience supporting clients on food and animal feed registration, Pen & Tec’s multi-disciplinary team provide the most accurate and up-to-date advice. Based in Barcelona, Spain, Pen & Tec has expanded its global reach by increasing its network of associates, offering regulatory services for food and feed products in other leading global markets such as the USA, Canada, China, Japan, New Zealand, India, and Brazil. For more information on Pen & Tec, please visit www.pentec-consulting.eu.