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Aceto completes acquisition of Pack Pharmaceuticals

7:43 AM MDT | May 1, 2014 | Deepti Ramesh

Aceto (Port Washington, NY) says that its wholly owned subsidiary Rising Pharmaceuticals (Allendale, NJ) has completed the previously announced acquisition of Pack Pharmaceuticals (Buffalo Grove, IL), a national marketer and distributor of generic prescription and OTC pharmaceutical products, for about $100 million. Pack had sales of about $46 million in 2013. “The strategically important and complementary business combination of Pack with our Rising Pharmaceutical business further increases the mix of higher-margin, finished-dosage generic pharmaceuticals...

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