GENCO Announces Acquisition of Capital Returns
Acquisition Provided Entry into Pharmaceutical Returns and Recall Market PITTSBURGH, Pa. - October 17, 2005 - GENCO today announced it has acquired Capital Returns, the industry leader in pharmaceutical returns management and disposition, headquartered in Milwaukee, Wisconsin. The company will operate as a separate GENCO business unit under its existing name and current president and CEO, Robert Ryan. Republic Partners represented and advised GENCO on the transaction. Terms of the acquisition were not disclosed.
Founded in 1991, Capital Returns has been a driving force of innovation, resulting in the development of many pharmaceutical industry firsts, including a proprietary Web-based system, CapNetT, which gives customers constant access to critical returns data; services across all classes of trade; HIPAA compliance solutions; a Windows-based return-to-stock system for minimizing future outdates and a returns cycle average time of less than one week. Herb Shear, president and CEO of GENCO said, "Capital Returns fits perfectly with our growth strategy by expanding our reverse logistics capabilities and offers us an immediate leadership position in the pharmaceutical returns market." Robert Ryan, president and CEO of Capital Returns, said, "GENCO brings a strategic, long-term commitment to Capital Returns, which will enable us to make additional investments to build on our successes. The alignment of the two companies is remarkable and unprecedented, and we are thrilled to join the GENCO team." GENCO is a recognized leader in supply chain management serving a diverse range of manufacturing, retail and government customers throughout North America, Australia and the United Kingdom. The company provides a complete range of value-added supply chain solutions, including direct logistics, reverse logistics, asset recovery, transportation management, supply chain analysis, parcel management, damage research and infrastructure. Capital Returns is a privately held, industry-leading company that provides accurate, timely and innovative pharmaceutical returns management solutions for manufacturers, wholesalers and chain, independent and mail order pharmacies. Capital Returns oversees every step of reverse distribution, leveraging industry-leading, proprietary technologies to provide clients with essential returns data and rich insight into the processes and people that manage their returned goods. Republic Partners is a Chicago-based, boutique investment bank with a leading presence in advising logistics companies in regard to a broad range of strategic issues, including mergers and acquisitions and corporate finance.
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