www.fdanews.com/articles/82192-matrixx-initiatives-buys-swab-manufacturer-s-assets
MATRIXX INITIATIVES BUYS SWAB MANUFACTURER'S ASSETS
November 4, 2005
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.