Deal Expands Ranir's Store Brand Retail Distribution in Australia, Asia, South Africa, and the United Kingdom
Grand Rapids, Michigan, London England – July 7, 2017 – Ranir, LLC, a manufacturer of store brand oral care products and value branded oral care products under the Plackers & Rembrandt brands, today announced it has merged its business with the oral care business unit of Solent Group Holdings Limited, a diversified health and beauty products company. Terms of the deal were not disclosed. The merger carves out Solent’s oral care business and will include a 17-person sales, supply chain, finance and technical team located in three countries: United Kingdom, Hong Kong and China (Shanghai). In addition, Solent CEO Richard Porter and COO Roderick Hung will join Ranir’s EU Non-Executive Board to help facilitate a smooth integration and transition for all customers involved.
“This marks Ranir’s third deal globally in the last 12 months and is another building block in implementing our comprehensive growth strategy that includes product line extensions, new oral care innovation and geographic expansion,” said Rich Sorota, President and Chief Executive Officer of Ranir. “We’re excited for Solent’s oral care product team to join Ranir and to expand the international reach of the company’s overall purpose to deliver millions of smiles through quality, affordable oral care.” The merger provides Ranir access to new customers and new products, including toothpaste, mouthwash, and denture tablets, and will further help Ranir support its retailer customers, their consumers, and achieve its purpose of delivering millions of affordable healthy smiles worldwide.
“Both of are teams are excited about this unique opportunity and we are thrilled to join our businesses together under the Ranir flag,” Said Ranir Executive Vice President Global Managing Director Gijsbert Dezaire. “The two companies are complementary and their combined innovation drive and understanding of oral care store brand consumers will help leading retailers across the EU to grow further their store brand share in this industry.”