Chester Medical Acquires Power Health Products to Build End-to-End Nutraceutical Offering
核心洞察
Chester Medical (搜索), a Wirral-based pharmaceutical packaging specialist, has acquired vitamin and health food manufacturer Power Health Products (搜索) for an undisclosed sum.
The acquisition combines Power Health's product development and manufacturing expertise with Chester Medical (搜索)'s contract packing and printed packaging capabilities.
Both businesses will continue to trade under their existing names and maintain current operations following completion of the deal.
Chester Medical (搜索), a Wirral-based pharmaceutical packaging specialist, has acquired vitamin and health food manufacturer Power Health Products (搜索), based in East Yorkshire, for an undisclosed sum. The transaction brings together two long-established healthcare-sector businesses to create a broader end-to-end proposition for customers in the growing nutraceuticals market.
Founded in 1965, Chester Medical (搜索) has served the healthcare sector for more than 60 years. From its sites in Bromborough and Deeside, it provides specialised packaging services to pharmaceutical, medical device, diagnostics, nutraceutical and veterinary businesses across the UK.
Power Health Products (搜索) is a family-owned contract manufacturer of health food supplements, sports nutrition and natural hair and skin care products based in Pocklington. Founded in 1972, Power Health employs around 80 people and supports nutraceutical businesses throughout the UK and beyond.
Strategic Rationale
The acquisition brings together Power Health's product development and manufacturing expertise with Chester Medical (搜索)'s capabilities in contract packing and printed packaging manufacture, creating a broader end-to-end proposition for customers in the growing nutraceuticals market.
David Patterson, Chester Medical (搜索) managing director, said: "This acquisition is a major milestone for Chester Medical. It enhances our offering, creates new opportunities for collaboration and growth, and strengthens our ability to support customers at every stage of their journey."
"There is an excellent cultural and operational fit between the two companies, and we are excited to see what we can achieve together."
Leadership Perspectives
Vicky McIver, Power Health Products (搜索) managing director, said: "The health food supplements market has evolved significantly over the last five decades, and we are proud to have grown and evolved with it."
"Joining forces with Chester Medical (搜索) marks an exciting new stage of growth for us and secures a strong future for the business. We are grateful to the RSM and LCF Law (搜索) teams for their expertise and advice throughout the process."
James Atkinson, deal services partner at RSM UK (搜索), said: "Power Health Products (搜索)' strategic union with Chester Medical (搜索) represents a strong deal for both parties. Their combined expertise and ambitions offer a healthy foundation for the combined entity's continued growth across the health supplements market. We wish the whole team the best of luck as they move forward."
Transaction Details
Both businesses will continue to trade under their existing names and maintain their current operations following completion.
Brabners Deal Advisory (搜索), led by principal Paula McGrath, advised Chester Medical (搜索) on identifying, negotiating and structuring the acquisition. Paula McGrath said: "Our long standing relationship with Chester Medical and close contact with RSM aided this process immensely. It has been a pleasure to help the business take this important step in its growth and we look forward to watching it continue to develop under this new structure."
Kieran Donovan, corporate partner and head of Liverpool office at law firm Napthens (搜索), advised Chester Medical (搜索) and said: "The acquisition represents an exciting strategic opportunity for our client and provides an excellent platform for the continued growth and development of their business."
Brabners Deal Advisory (搜索), led by Paula McGrath working with Dan Rice and Nicole Turton, provided acquisition advice to Chester Medical (搜索), while Craig Geraghty, Kieran Donovan, Kevin Howard, Megan Parker, Paige Draper and Paul Hardy at Napthens (搜索) provided legal advice. DSG, led by Adam Brighouse, along with Andrew Moss, Anna Pope and Callum Lea, provided financial due diligence for Chester Medical, and Rob Hackney and Alex Kier supported with tax advisory work.
Power Health was advised by RSM UK (搜索), led by James Atkinson, working with Rich Winter and Charlotte Turner, with tax advice led by Chris Etherington and Camilla Taylor. LCF Law (搜索), led by Rebecca Ridley and Brad Stewart, working with Sam Durling, Duncan Robertson, Harriet Thornton and Danielle Lynn, provided legal advice to Power Health's shareholders.