# NEXGEL acquires 50% of joint venture with C.G. Laboratories for converting and packaging

NEXGEL acquired a 50% interest in CG Converting and Packaging, LLC, a newly formed joint venture with C.G. Laboratories that takes over CG Labs' converting and packaging division. The agreement is effective March 1, 2023.

- Type: Acquisition
- Announced: 2023-03-02
- Where: Granbury, TX, United States
- Status: completed
- Products: hydrogel products, converting and packaging services
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [NEXGEL](https://endata.com/companies/10317.md) (acquirer)
- [C.G. Laboratories](https://endata.com/companies/10318.md) (partner)

## Sources

- [ir.nexgel.com](https://ir.nexgel.com/news-events/press-releases/detail/47/nexgel-acquires-50-interest-in-newly-formed-joint-venture), 2023-03-02: "CG Converting and Packaging, LLC, will be owned 50% by NEXGEL."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.