We are pleased to announce the sale of two related companies. One is a 40-year-old manufacturer of medical lotions, the other is a research company focused on medical lotions and compounds.
The products are manufactured in an FDA regulated facility in Houston, Texas.
The company is in its 3rd generation of family management but the time had come to bring in outside investment. The current leader, the grandson of the founder, will remain in an executive position with the new ownership.
This deal was complex due to the regulatory requirements of the FDA, the substantial intellectual property that had accumulated over the businesses 40-year history and the always challenging dynamics of multi-generational ownership.