Deals Case Studies: Pharmetics Inc.

Pharmetics Inc.

has been acquired by

Monitor Clipper Partners

vendor advised by

The Deal

PricewaterhouseCoopers Corporate Finance (PwCCF) is pleased to announce the completion of the sale of the Quebec and Ontario-based private label over-the-counter (OTC) pharmaceutical and vitamin, mineral and dietary supplements (VMS) operations of Pharmetics Inc. (Pharmetics), to US-based private equity fund Monitor Clipper Partners (MCP).

PwCCF was retained by Pharmetics as lead advisor on the sale.

The Business

With a 55-year history, Pharmetics is a leading company in the industry with long-standing relationships with blue-chip customers. Estimated to have the largest share of the market, Pharmetics boasts over 400 products and more than 1,100 SKUs that are delivered to some of Canada’s largest grocery and pharmacy chains.  Based in Laval, Quebec, Pharmetics has a sales office in Toronto, a manufacturing facility in Burlington, Ontario, a distribution center in Cornwall, Ontario, and a laboratory in Blainville, Quebec.  It is Canada’s largest privately-owned store brand OTC and VMS manufacturer. MCP, formed in 1998 in partnership with the Monitor Group, is a Boston-based independent  private equity firm. The sale was completed in early May 2011.

Client benefits

By completing the sale transaction in an accelerated timeframe, FisherCast has provided its customers the certainty of on-going supply. The speed of the sale also allowed the company's secured creditors to avoid a potentially costly and uncertain asset liquidation scenario.

The Deal Team

The PwCCF team was led by Jeff Moskoff and Stephen Mullowney.