M&A Deal Summary

Longs Drug Stores Acquires Western Drug Distributors

On July 6, 1998, Longs Drug Stores acquired retailer Western Drug Distributors

Acquisition Highlights
  • This is Longs Drug Stores’ 1st transaction in the Retail sector.
  • This is Longs Drug Stores’ 1st transaction in the United States.
  • This is Longs Drug Stores’ 1st transaction in Washington.

M&A Deal Summary

Date 1998-07-06
Target Western Drug Distributors
Sector Retail
Buyer(s) Longs Drug Stores
Deal Type Add-on Acquisition

Target

Western Drug Distributors

Washington, United States
Western Drug Distributors, Inc. is a chain of twenty drug stores doing business under the Drug Emporium name in Washington and Oregon.

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Buyer(S) 1

Buyer

Longs Drug Stores

Walnut Creek, California, United States

Category Company
Founded 1938
Sector Retail
Employees9,855
DESCRIPTION

Longs has 521 drugstores in California, Hawaii, Nevada and Arizona and also operates Rx America, a prescription benefits management program that services more than 8 million members.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1