Add-on Acquisition • Healthcare Services

Future Pak Acquires Thera Technologies

On July 2, 2025, Future Pak acquired healthcare services company Thera Technologies for 254M USD

Acquisition Context

This is Future Pak’s 1st transaction in the Healthcare Services sector.
This is Future Pak’s largest (disclosed) transaction.
This is Future Pak’s 1st transaction in Canada.
This is Future Pak’s 1st transaction in Quebec.

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M&A Deal Summary
Date	July 2, 2025
Target	Thera Technologies
Sector	Healthcare Services
Buyer(s)	Future Pak
Deal Type	Add-on Acquisition
Deal Value	254M USD
Advisor(s)	Barclays Investment Bank (Financial) Fasken Martineau DuMoulin (Legal)

Target Company

Thera Technologies

Montreal, Quebec, Canada

Thera Technologies is a specialty pharmaceutical company addressing unmet medical needs in metabolic disorders to promote healthy ageing and improved quality of life. Thera Technologies was founded in 1993 and is based in Montreal, Quebec.

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Buyer Overview 1

Buyer

Future Pak

Wixom, Michigan, United States

Category	Company
Founded	1977
Sector	Packaging

DESCRIPTION

Future Pak is a contract manufacturer, packager, and distributor of pharmaceutical and nutraceutical products. It operates across retail, specialty, and institutional markets, leveraging its robust infrastructure and partner network to deliver patient-centric solutions. Future Pak was formed in 1977 and is based in Wixom, Michigan.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Healthcare Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Quebec	1 of 1
Country: Canada	1 of 1
Year: 2025	1 of 1
Size (of disclosed)	1 of 1

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