Headwaters MB advised PuriCore plc on the sale of its Supermarket Retail Business, a leading marketer of all-natural solutions used in the supermarket and food service industries for enhancing the quality and freshness of produce and cut flowers, to Chemstar Corporation.
PuriCore’s Supermarket Retail Business, which focuses on enhancing the quality and customer satisfaction of perishable foods, includes Sterilox® generators, Produce Maxx™, and FloraFresh®. These products appear in the fresh perimeter departments of thousands of supermarkets across the US and Canada.
Alex Martin, PuriCore’s CEO, stated “Bill Harrison and his team were great partners and exceeded expectations throughout our process, which resulted in a great outcome for our shareholders. The approach employed in this transaction is worthy of a business school case study on managing and negotiating an M&A sale process.”
Bill Harrison, Head of Consumer Investment Banking at Headwaters added, “PuriCore’s products are used in thousands of supermarkets in North America. This all-natural, organically-recognized and patented solution is highly sought-after by supermarkets seeking to differentiate their fresh produce and floral departments.”
About PuriCore plc
PuriCore is an emerging specialty biopharmaceutical company focused on developing novel immunomodulatory therapies to protect and improve the lives of adults and children. The Company has initiated a drug development program, based on its proprietary hypochlorous acid technology at high concentrations. The Company believes their formulations have novel immunomodulatory activity with potential application for the treatment of diseases in a number of therapeutic areas such as Dermatology, Ophthalmology and potentially rare diseases.
Chemstar Corporation is a provider of innovative food safety and sanitation products and services to grocery stores, convenience stores, quick service restaurants, and food plants across North America. The company differentiates by providing superior customer support and customized products that help clients protect their brand, associates, and customers. Chemstar is privately held located in the Atlanta, GA area. For more information, visit www.chemstar.com.