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M&A Deal Summary

Geritrex Acquires PL Developments - OTC Topical Products

On October 10, 2018, Geritrex acquired life science company PL Developments - OTC Topical Products from PL Developments

Acquisition Highlights
  • This is Geritrex’s 1st transaction in the Life Science sector.
  • This is Geritrex’s 2nd transaction in the United States.
  • This is Geritrex’s 2nd transaction in New York.

M&A Deal Summary
Date 2018-10-10
Target PL Developments - OTC Topical Products
Sector Life Science
Buyer(s) Geritrex
Sellers(s) PL Developments
Deal Type Divestiture

Target

PL Developments - OTC Topical Products

Westbury, New York, United States
PL Developments, Inc. - OTC Topical Products is a pharmaceuticals company. OTC Topical Products offers hydrocortisone, vitamin A&D, white petrolatum and zinc oxide.

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Buyer(S) 1

Buyer

Geritrex

Middletown, New York, United States
Category Company
Founded 1978
Sector Medical Products
DESCRIPTION

Geritrex LLC is a manufacturer and distributor of primarily topical generic OTC products and pharmaceuticals to patients in institutional healthcare settings. Geritrex was founded in 1978 and is based in Middletown, New York.

DEAL STATS #
Overall 2 of 3
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 2 of 3
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Purine Pharma

Massena, New York, United States

Purine specializes in manufacturing liquid nasal, allergy, and cough and cold products for retail clients in the U.S. and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Unipack

Pittsburgh, Pennsylvania, United States

Unipack, Inc. is a private label manufacturer and distributor of OTC pharmaceuticals to some of the country’s largest retail chains. Unipack’s primary products include suppositories as well as topical ointments and creams. Unipack was founded in 1981 by brothers Harilal and Dinesh Patel and its corporate headquarters is in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

PL Developments

Westbury, New York, United States
Category Company
Founded 1988
Sector Life Science
DESCRIPTION

PL Developments is a manufacturer, packager, and distributor of over-the-counter (OTC) pharmaceutical products and consumer healthcare goods. PL Developments was established in 1988 and is based in Westbury, New York.

DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Aaron Industries

Clinton, South Carolina, United States

Aaron Industries, Inc. is a manufacturer of private-label OTC pharmaceuticals, health and first aid products. The company's products include national brand equivalent liquid over-the-counter (OTC) stomach relief and cough, cold, allergy and pain medicines, pediatric electrolytes and a full range of first aid items. Aaron was formed in 1981 and is based in Clinton, South Carolina.

Buy -
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