M&A Deal Summary

Richards Packaging Acquires Clarion Medical Technologies

On June 1, 2020, Richards Packaging acquired medical products company Clarion Medical Technologies from ALPHAEON for 64M USD

Acquisition Highlights
  • This is Richards Packaging’s 1st transaction in the Medical Products sector.
  • This is Richards Packaging’s largest (disclosed) transaction.
  • This is Richards Packaging’s 1st transaction in Canada.
  • This is Richards Packaging’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-06-01
Target Clarion Medical Technologies
Sector Medical Products
Buyer(s) Richards Packaging
Sellers(s) ALPHAEON
Deal Type Divestiture
Deal Value 64M USD

Target

Clarion Medical Technologies

Cambridge, Ontario, Canada
Clarion Medical Technologies Inc. is a medical distributor of innovative technology solutions, operating in Canada since 1989. Over that time, Clarion has gained a superior reputation for dedication to the Canadian healthcare community, serving Canadian hospitals and private practices with best-in-class products, comprehensive education and business building programs, award-winning technical support, and many more unique services. Clarion Medical Technologies was formed in 1989 and is based in Cambridge, Ontario.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Richards Packaging

Mississauga, Ontario, Canada
Category Company
Founded 1912
Sector Packaging
Employees703
Revenue 426M CAD (2023)
DESCRIPTION

Richards Packaging is the largest rigid packaging distributor in Canada and the third largest in North America. Richards Packaging was incorporated in 1912 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ALPHAEON

Irvine, California, United States
Category Company
Founded 2012
Sector Consumer Products
DESCRIPTION

ALPHAEON is a provider of beauty, wellness, and lifestyle products. ALPHAEON was founded in 2012 and is based in Irvine, California.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 ShoutMD

Irvine, California, United States

ShoutMD is a provider of social media platform in its entirety, including all technology and intellectual property rights. ShoutMD is based in Irvine, California.

Sell -
Mergr

Product

Company

Legal