Richards Group acquires Zimed PF
Richards Group, through its subsidiary Luvo Medical Technologies, acquired Zimed PF from Aequus Pharmaceuticals.
The parties
Richards Group
Richards Group is a Canadian healthcare and packaging company founded in 1912 and headquartered in Mississauga, Ontario. The company operates across two core segments, Healthcare and Packaging. It serves a global customer base with market leading medical devices, supplies, and equipment, alongside a diverse offering of glass and plastic packaging solutions.
Richards is the largest Canadian distributor in aesthetic, pharmacy, and vision care devices. It is also the third largest packaging distributor in Canada. In addition, the company is developing a global OEM footprint in medical devices. Richards differentiates itself through product innovation, high touch service, and deep industry expertise.
Aequus Pharmaceuticals
Aequus Pharmaceuticals is a specialty pharmaceutical company. The company focuses on commercialising value-added products in specialty therapeutic areas in the Canadian market.
Outcome
This strategic acquisition strengthens Richards’ ophthalmology and vision care offering through Luvo Medical Technologies. Furthermore, it supports the continued expansion of the company’s healthcare platform in Canada. The transaction adds an established product to a distribution network with national reach, reinforcing Richards’ position as the leading Canadian distributor in vision care.
Clairfield’s role
Clairfield International acted as exclusive financial advisor to Richards Group throughout the transaction. The team advised on every stage, from identification and evaluation through negotiation and closing. Moreover, the mandate reflects Clairfield’s sector expertise and experience in advising clients on acquisitions in healthcare.
Healthcare
Advisor to the buyer
Services :
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