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DWHP Acquires Hill Top, Forms Hill Top Acquisition Corp.
Posted: January 6, 2006
Hill Top Research Inc., a leader in clinical research for personal care, oral care and health care products, announced that DW Healthcare Partners (DWHP), a private equity firm based in Salt Lake City, Utah, USA, has acquired the assets of the company. The new company, called Hill Top Acquisition Corp., will conduct business as Hill Top Research. According to the company, the acquisition will allow Hill Top to expand capacity, add new technical capabilities and provide additional resources for growth, including further expansion into the personal care, oral care, and pharmaceutical services markets and possible industry acquisitions.
Additionally, Hill Top announced that Jim Pearce, the company’s chief executive officer for the past 26 years, is retiring effective with this transaction. Joel Ivers, who served as Hill Top’s chief operating officer, has been named chief executive officer. “We are very excited by DWHP’s acquisition, and we look forward to many years of growth and opportunity for all Hill Top associates,” said Ivers in a press statement.