Abany, New York – November, 2013 – Today, Leosons Overseas Corporation (Leosons) announced the acquisition of Chooz, Tanac, Triptone, Privine, and Caldecort from Insight Pharmaceuticals LLC, a leading manufacturer and marketer of over-the-counter consumer health products.
For several years, Leosons had been selling some of the above brands internationally. Additionally, the acquisition of the NICE and Fiberall brands from Insight in October of 2012 marked Leosons’ introduction into the US market, as well as international expansion of its business to territories in Asia. Leosons plans to further grow these newly acquired brands internationally while continuing to service the current and domestic US market.
John L. Ohanian, General Manager and President of Leosons said of the acquisition, “We are pleased to have completed the brand acquisition of Chooz, Tanac, Triptone, Privine, and Caldecort. We are proud of our growth and success, and this second major acquisition by our company now secures our place in the US market, while continuing to make our products available globally.”
Terms of the transaction were not disclosed.
Leosons Overseas Corporation was established in 1984, to build a bridge between manufacturers of Pharmaceuticals, Nutraceuticals, and specialty drugs to consumers in the Middle East and Africa (MEA). Headquartered in Albany, New York, and with an affiliated office in Dubai Healthcare City, Dubai, UAE that is managed and operated by Mr. Leo Ohanian, Leosons has become an Over-the-Counter expert in the MEA region. Leosons currently serves both private label and readymade OTC products in an extensive portfolio of countries. Additional information about Leosons can be found at www.Leosonsintl.com
ABOUT INSIGHT PHARMACEUTICALS
Insight Pharmaceuticals is a consumer products company whose strategy is to generate growth by acquiring OTC and personal care brands with solid consumer equity that can be further developed through their merchandising and marketing expertise. With a strong dedication to women’s health, the company strengthens its portfolio of brands by employing a variety of strategies, all with an in-depth understanding of the heritage of the brand and the needs of the consumer. Additional information about Insight Pharmaceuticals can be found at www.InsightPharma.com