Trillium Health Care Products Enhances Leadership and Capacity
Trillium Health Care Products Strengthens Its Leadership Team
Recently, Trillium Health Care Products, a leading contract development and manufacturing organization of branded over-the-counter products, made significant strides to position itself for robust growth. The company announced the appointment of three industry veterans to its leadership team, including Michael Pignatiello as the new CEO, Martin Quesnel as COO, and Sherif Elkholy as CFO. This strategic move is aimed at not only enhancing Trillium's operational capabilities but also reinforcing its market position in the North American consumer healthcare sector.
Introducing New Executives to the Team
Michael Pignatiello brings extensive experience to Trillium, having previously held the role of Chief Operating Officer at Care/of, a subsidiary of Bayer. His journey at Bayer also included significant leadership roles focused on external manufacturing and pipeline supply strategy. Michael’s previous experience includes 14 fruitful years at Merck, where he honed his skills in operations within the consumer care segment.
Martin Quesnel joins Trillium as Chief Operating Officer. With over 35 years of expertise in the pharmaceutical industry, Martin's background is impressive. Prior to this role, he was General Manager at Catalent for the Canadian market. His career also encompasses pivotal positions at organizations such as Accucaps and GlaxoSmithKline, where he contributed to significant advancements in operations and management.
Taking on the role of Chief Financial Officer, Sherif Elkholy adds a wealth of financial acumen to the leadership team. His prior experience as Director of Finance at Arnprior Aerospace and senior roles at Radius Global Supply and Pfizer Pharmaceuticals complements Trillium’s strategic initiatives.
Expansion of Liquid Manufacturing Capabilities
As part of its growth strategy, Trillium has also launched an extensive expansion of its liquid and semi-solid manufacturing capabilities. The newly constructed facility features a state-of-the-art 5,900 square-foot GMP suite combined with advanced 10,000L integrated high-shear manufacturing tanks. This upgrade is particularly significant as it enhances the efficiency and output of Trillium’s quickly growing brand portfolio, enabling the company to solidify its position as a leader in the North American market.
Plans for Strategic Acquisitions
Looking to the future, Trillium is actively assessing potential strategic acquisitions that can expand its geographic footprint in North America. This initiative aims to not only enhance corporate capabilities but also facilitate access to innovative product technologies for customers, thereby boosting overall market competitiveness.
Backed by Strong Investment Partners
Trillium Health Care Products is supported by Avista Healthcare Partners, a prominent private equity firm that has directed over $8 billion into healthcare-focused ventures. With a keen interest in the consumer healthcare sector, Avista has executed over 20 targeted investments, enhancing the capabilities of brands and supply chain services across North America and Western Europe.
“We are thrilled to have Mike, Marty, and Sherif on board,” stated Alex Yu, a Partner at Avista. “Their combined knowledge of the consumer healthcare and pharmaceutical space will be invaluable as we seek to elevate Trillium’s status as a premier operator in the industry.”
About Trillium Health Care Products
As a trusted partner to leading healthcare and pharmaceutical companies, Trillium Health Care Products excels in developing branded OTC products in North America. With a wide array of capabilities across various dosage forms, the organization is committed to fostering collaboration with clients in delivering quality health products.
Frequently Asked Questions
What recent changes has Trillium made in its leadership?
Trillium has appointed Michael Pignatiello as CEO, Martin Quesnel as COO, and Sherif Elkholy as CFO, enhancing its leadership team with seasoned executives.
What manufacturing capacity expansions has Trillium undertaken?
Trillium has expanded its liquid and semi-solid manufacturing capabilities with a new 5,900 square-foot GMP suite and integrated 10,000L manufacturing tanks.
How does Trillium plan to grow in the future?
Trillium is evaluating strategic acquisitions to broaden its geographic reach in North America and enhance customer access to new product technologies.
Who supports Trillium financially?
Trillium is backed by Avista Healthcare Partners, a private equity firm that has invested significantly in the healthcare sector, helping to drive its growth initiatives.
What market does Trillium primarily serve?
Trillium primarily serves the North American market, providing contract development and manufacturing services for branded OTC products.
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