Richards Packaging Income Fund acquired HL Production
Richards Packaging Income Fund, through its subsidiary Richards Packaging Holdings 2 Inc., acquired HL Production, the Swiss based global owner and distributor of the World PRP® platelet-rich plasma system.
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 HL Production, which has been a key supplier to our medical devices business in Canada for many years. This acquisition brings us global ownership of the WorldPRP® brand and will bolster the ongoing growth of our OEM strategy alongside our organically developed brand, Luvo. PRP treatments are well established in orthopedics and aesthetics and represent a US$700 million market worldwide. We are confident in supporting the growth of WorldPRP® through international distribution partners in the coming years,” commented John Glynn, president of Richards Packaging.
Clairfield acted as M&A advisor to Richards Packaging Income Fund.
Clairfield also advised the Fund on the recent acquisition of National Dental Inc., a Canadian provider of cutting-edge laser and diagnostic technology for dental care professionals. These deals strengthen Richards Packaging and Income Fund’s portfolio and reinforce Clairfield’s expertise in the medtech, healthcare, and the dental industry. Our teams’ impressive track record has made us a trusted leader in this sector.
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