Citation provides clinical trial labels for pharmaceutical and biotechnology companies, clinical research organizations, and clinical packagers. The company was founded in 1963 by the family of Richard Bolnick, who will remain as president of Citation, as a diversified distributor of printing and labels.
This acquisition strengthens AWT’s commitment to the global healthcare labeling market and will allow AWT to take advantage of growth opportunities in the clinical trial label markets. For Citation customers, they will now have access to AWT’s resources and investments in state-of-the art print and production technologies as well as access to AWT’s Minneapolis, MN facility for additional healthcare label capabilities.
Both Bolnick and Frederick Youngs, COO of Citation, will continue in leadership roles with the company and will become shareholders of AWT. The company operates out of a single pharmaceutical and medical grade facility in Hauppauge, NY and employs approximately 100 employees.
“Citation looks forward to the next chapter of growth by joining the AWT organization,” said Bolnick. “We believe the best is yet to come for our customers as they will benefit from additional facilities, personnel and resources of the combined businesses.”
“Rich Bolnick and Fred Youngs have spent many years building a great company with outstanding people and tremendous capabilities and we proudly welcome the Citation team to AWT,” said Jim Lundquist, president and CEO of AWT. “The addition of Citation meaningfully increases our healthcare labeling capabilities and allows AWT to become one of the largest healthcare-focused label providers for pharmaceutical clinical trial and medical device manufacturers in the US.”