Packaging company is bought by US firm
A Northern Ireland company which makes blister packaging machinery for the pharmaceutical industry has been snapped up in a multi-million pound deal.
Sepha, which employs 32 people in east Belfast, was sold by Northern Ireland venture capital group Enterprise Equity to America's TASI Group for an undisclosed sum.
The Dundonald-based firm, whose clients include Boots, Bayer, Novartis and Pfizer, said being part of TASI would help it expand its engineering and manufacturing as well as its research and development.
It reported growth of 40% for the most recent financial year to reach a turnover of nearly £4m.
TASI Group in Cincinatti makes leak test and measurement equipment for a range of different markets, including the pharma sector.
Brian Cummings, a director at Enterprise Equity and Sepha, said: "We are very pleased to hand over the reins to an ambitious global player like TASI which can only benefit the Northern Ireland economy over the long term.
"With the support of Invest NI it has also embarked on successful product innovations to meet the changing needs of the global marketplace."