Richards Packaging Income Fund announced that, through its subsidiary Clarion Medical Technologies Inc., it is purchasing National Dental Inc. and HL Production SA.
NewPoint Capital Partners Inc. acted as M&A advisor to Richards Packaging Income Fund in connection with the transactions.
National Dental Inc. is a Canadian provider of high-tech laser and diagnostic devices to the dental care industry. The company specializes in bringing to market innovations in lasers, cavity prevention products, intraoral scanners and dynamic navigation systems along with education and comprehensive implementation support to its dental customer practitioners.
National Dental was purchased for $10 million. The purchase price was financed by a $9.7 million draw down on the revolving credit and a $300,000 holdback from the vendors. This purchase price is subject to additional consideration contingent on National Dental’s future earnings through 2026 or 2027. The acquisition is expected to be accretive to earnings in 2025.
HL Production SA is a Swiss-based global owner and distributor of the World PRP® platelet-rich plasma system to the healthcare industry. The system is widely acclaimed by its users and is becoming the worldwide reference for quality and efficiency. The financial terms for the acquisition of HL Production were not disclosed.
Richards Packaging Income Fund manufactures and distributes packaging and related products in Canada and the United States. It serves a wide customer base throughout North America comprising more than 18,000 regional food, beverage, healthcare, cosmetic, and other enterprises.
According to data captured in the LevinPro HC database, the National Dental deal marks the 17th Medical Devices transaction of 2025. Throughout all of 2024, 87 Medical Devices acquisitions were announced.
The HL Production deal represents the fifth healthcare product distributor transaction of the year. In 2024, 29 healthcare product distributor transactions were reported.
