Medline Industries has announced it is buying a collection of skincare lines, including Sensi-Care and Aloe Vesta, from UK-based ConvaTec Group for USD 29.00 million.
The sale also includes the targets’ skincare businesses in the US and Canada, which will give the acquiror global rights to market outside North America.
As a result of the deal, Medline will add a range of patient cleansing, moisturising and skin protectants to its advanced skincare portfolio.
The transaction is expected to complete in the third quarter of 2020.
Sensi-Care’s products are designed to treat sensitive and compromised skin and contain fewer fragrances and added humectants.
Its offerings include dermatological protectants and moisture barriers, as well as antifungal ointments.
Aloe Vesta’s daily moisturising cream also helps protect chafed, chapped and cracked skin.
The ointment contains petrolatum, which acts as a humectant to promote healthy skin hydration.
Alyson Ovitt, vice president of Medline’s skin health division, said: “We have built a highly consultative approach that helps healthcare providers optimise product utilisation while also delivering specialised product solutions for specific patient populations.
“The Sensi-Care and Aloe Vesta product lines are a perfect fit.”
Medline’s skin health division operates through three main segments, namely best practice guidance, caregiver education and system of products.
Its services help medical professionals to improve outcomes across key areas, including continence management, support surfaces and advanced wound care.
Headquartered in Illinois, Medline claims to be the world’s largest privately held manufacturer and distributor of medical supplies.
The group’s products include gloves, beds and mattresses, respiratory equipment and sterilisation containers.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 146 deals targeting toilet preparation manufacturers announced globally in 2020 to date.
Société Générale acquired a 5.7 per cent stake in India-based Hindustan Unilever for INR 254.80 billion (USD 3.40 billion) in the most valuable of these.
© Zephus Ltd