Apotex Inc. has acquired CanPrev, a leading Canadian provider of vitamins, supplements, and other natural health products.
This acquisition introduces Apotex into the strategically attractive and growing Canadian health and wellness sector, leveraging our existing channel presence in pharmacies and expanding our channels to include health food stores, new professional channels including naturopathic doctors, and grocery retail channels. CanPrev, through its CanPrev, Cyto-Matrix, and Orange Naturals brands, has a broad range of more than 445 products sold in more than 3,400 retail locations across Canada and online. CanPrev will continue to serve consumers through its existing brands and distribution channels.
"The acquisition of CanPrev advances Apotex further along on our Journey of Health growth strategy, strategically complementing our ongoing focus to expand high-value products to consumers and providing us with the opportunity for expansion into select international markets," said Allan Oberman, President & CEO, Apotex. "CanPrev has a well-respected track record with both consumers and natural health professionals for their quality products and shares Apotex's commitment to supporting people along their health journeys."
"We are excited for CanPrev to embark on this new chapter with Apotex, a Canadian-based global health leader," said Franco and Tanya Salituro, founders of CanPrev. "Under Apotex's ownership, we have an ally and a champion for the natural health industry, opening incredible opportunities for CanPrev to expand its reach and deliver high-quality products to broader audiences through our existing well-established brands and relationships with consumers."
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