Richards Packaging Income Fund acquired National Dental Inc.
Richards Packaging Income Fund (TSX: RPI.UN), through its subsidiary Clarion Medical Technologies Inc., acquired all of the outstanding shares of National Dental Inc., a leading Canadian provider of high-tech laser and diagnostic devices to the dental care industry.
Richards Packaging is the leading packaging distributor in Canada, and one of the largest in North America. Richards Packaging is a full-service packaging distributor targeting small- and medium-sized North American businesses. Richards Packaging has operated since 1912 and currently serves over 14,300 regional companies from 18 locations throughout North America.
“We are pleased to announce the acquisition of National Dental, which adds a third major market vertical to our private clinic medical device distribution business, alongside aesthetics and vision. We believe National Dental’s focus on innovative laser and imaging devices will elevate the standard of dental patient care and we are confident in our ability to support their growth targets through our Clarion Medical Technologies platform,” commented John Glynn, president of Richards Packaging.
Clairfield acted as M&A advisor to Richards Packaging Income Fund.
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