Today, Encore Scientific (“Encore”) is pleased to announce the acquisition of Total Pharmacy Supply’s (“TPS”) chemical business. In conjunction with this acquisition, the two companies have formed a strategic partnership to continue to meet the demands of both companies’ growing customer bases. This transaction will immediately strengthen Encore’s and TPS’ customer offering to the independent pharmacy market by maximizing their individual expertise in quality chemicals, equipment, and supplies.
The acquisition of TPS’ chemical business aligns with Encore Scientific’s North American growth strategy. Commenting on the announcement, Sean DeWitt, CEO of Encore said, “This acquisition and partnership helps us continue to execute on our strategic goals, specifically, expanding our chemical product offering and rapidly growing our buying customer base in North America. We see TPS as the perfect complimentary partner and I’m excited this partnership will enhance both companies’ presence in the independent pharmacy market.”
Encore and TPS customers can expect to receive the same superior customer experience with the added advantage of a significantly expanded chemical, equipment, and supply offering. “Encore is steadfast in its dedication to the growth and prosperity of the industry. This transaction is evidence of our deep understanding and passion for the positive impact that pharmaceutical compounding has on patient care,” Jason Dunn, Vice President of Business Development at Encore.
With almost 30 years of experience serving the independent pharmacy community, TPS’s commitment to evolving alongside our customers is clear. TPS Managing Partner Chris Moses added, “Partnering with Encore to provide a more expansive selection of active pharmaceutical ingredients and bases will help TPS fulfill its goal of helping pharmacies succeed by consolidating their supply chains. Having the option to choose a reliable single source saves our customers time and money.”
About Encore Scientific
Encore Scientific is an FDA registered, cGMP compliant manufacturer and distributor of pharmaceutical raw ingredients, equipment, and supplies. Established in 2015, Encore operates out of their 42,000 square foot facility in Broken Arrow, Oklahoma with distribution throughout the US, Canada, Australia, and Israel.
About Total Pharmacy Supply
Total Pharmacy Supply (“TPS”), established in 1989, is a wholesale distributor of pharmacy supplies to pharmacies nationwide. TPS carries over 3,000 products including Compounding Supplies, Prescription Packaging, Sterile Products, Bases, Equipment, Long-Term Care, and Store Supplies. TPS is headquartered in Arlington, TX, serving customers throughout all 50 states and internationally.