Richards Packaging is the leading full-service packaging distributor in Canada, servicing small- and medium-sized North American businesses. Richards Packaging's current healthcare platform includes Richards Pharma Solutions, Healthmark, Dispill, and the newly acquired Clarion Medical Technologies.
NewPoint supported Richards Packaging in its targeted acquisition search, as well as the evaluation, negotiation, and processes associated with this transaction.
Clarion is a Canadian provider of medical, aesthetic, vision care and surgical equipment and consumables. The purchase price was CDN $64.4M, and additional consideration may be paid if certain performance thresholds are met.