JMC Investment invests in Millrock Technology
January 1, 2020
JMC Investment LLC (JMC) is pleased to announce it has invested alongside Intuitis LLC (Intuitis) and management in Millrock Technology Inc. (Millrock), a premium designer and manufacturer of customized lyophilization equipment for pharmaceutical and biotech companies. Millrock’s freeze drying equipment is designed into customer processes to stabilize many products for handling in pharmaceutical, therapeutic, and diagnostic markets. T.N. Thompson, founder and CEO, will continue in his role and remains a significant shareholder.
Jean-Marie Painvin, Founder & CEO of JMC said, “We are excited to partner with Millrock and the management team to continue supporting the company’s future. Millrock is a technological leader that differentiates itself with superior customer solutions and quality.”
Mr. Thompson, CEO of Millrock, added, “I am delighted to welcome high quality partners like JMC and Intuitis as new shareholders and board members. Their teams’ experience and aligned cultures bring new energy to support our growth and success. Our industry is booming; and with our continued focus on engineering and service, we are extremely well positioned to meet our customers’ growing needs and are better able to exceed their expectations.”
About Millrock Technology
Millrock is a privately held company headquartered in Kingston, NY. Using advanced lyophilization technology, Millrock develops free-dryers designed specifically for pharmaceutical and biotech drug manufacturing and R&D. Their freeze dryers are custom made to suit the manufacturing needs of their clients, which allow their clients to effectively and efficiently stabilize their products. In addition to freeze drying solutions, the company offers engineering design services, and customer service support. For more information, please visit www.millrocktech.com.
About JMC Investment LLC
JMC Investment LLC is a family investment office focused on investing in small and mid-sized privately owned growth companies. JMC is based in New York and looks to invest with a long-term outlook on performance and an engaged partnership style. The Company has extensive experience in the manufacturing sector, transatlantic transactions and advising management teams. For more information, please visit www.jmc-investment.net.