PharmaSystems Acquisition | Consumer Deal in NY

Richards Group Inc. has acquired PharmaSystems, a consumer other business in New York, for $13.5 million. The PharmaSystems acquisition focuses on CPG assets, strengthening Richards Group’s consumer M&A position in NY acquisitions. PharmaSystems operated in consumer packaged goods, and the divestiture acquisition supports Richards Group’s expansion of product offerings and distribution in the consumer other segment. This consumer deals NY divestiture acquisition is announced with a reported $13.5 million purchase price and additional consideration figures, totaling $12.0 million and $1.5 million components. Richards Group is executing the consumer M&A bolt-on strategy to add CPG capabilities through divestiture acquisition rather than a full company purchase.