Home » MATRIXX INITIATIVES BUYS SWAB MANUFACTURER'S ASSETS
MATRIXX INITIATIVES BUYS SWAB MANUFACTURER'S ASSETS
Matrixx Initiatives Inc. Thursday announced the acquisition of substantially
all of the assets of Viridian Packaging Solutions LLC, a manufacturer of dry
handle swab products.
In addition to patents and other intellectual property, the purchase also includes
equipment, machinery and tooling. The purchase price consists of approximately
$750,000 in cash payments, $208,000 in forgiveness of prepayments previously
made by Matrixx to Viridian, and a contingent payment of up to $200,000 to be
paid by Matrixx in two years based on volumes of dry handle swab products produced
by the company utilizing the acquired intellectual property.
KEYWORDS FDAnews Device Daily Bulletin
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