In a surprise announcement during the first morning of INTERPHEX2007, Jubllant Organosys acquired Hollister-Stier Laboratories (HS), a Spokane, WA-based contract manufacturer of sterile Injectable vials and lyophilization products, for $122.5 million, plus $16 million in capital commitments. In a joint statement, Shyam S. Bhartia and Hari S. Bhartia, co-chairmen and managing directors of Jubilant Organosys, said, “We are excited that we have found the right fit in Hollister, with an op...