has been acquired by
Monitor Clipper Partners
vendor advised by
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.
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.
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.