PL Developments, Inc. has signed a definitive agreement to acquire Aaron Industries, a privately held manufacturer and distributor of liquid dose private label OTC pharmaceutical and consumer health products. Aaron Industries’ operations will be integrated into PL Developments with combined company headquarters in Westbury, NY. Its manufacturing and distribution facilities will remain in Clinton and Los Angeles. Terms of the agreement were not disclosed. The transaction, subject to government approval, is expected to close in late November.
 
The combination of the two companies creates an expansive private label provider to mass merchandisers and drug wholesalers across the entire consumer packaged goods industries, with an anticipated $1 billion in sales. With more than 1,000 employees and a manufacturing and distribution footprint across the U.S., PL Developments will feature an array of solid and liquid dose OTC medicines and consumer health care products with 300 unique products and 3,000 SKUs.
 
Aaron Industries, headquartered in Clinton, SC, manufactures national brand equivalents of cough, cold, allergy, pain medicines, digestive health items, pediatric electrolytes and first aid items, and has manufacturing facilities in Clinton and Los Angeles.
 
 “We are very pleased to bring together two well-run organizations with strong cultures that have focused on manufacturing excellence, quality products and high-level customer service,” said Mitch Singer, president and chief executive officer, PL Developments. “PL Development’s preeminent position in the solid dose market segment, combined with Aaron Industries’ strength in liquids and first aid products, allows us to provide greater product depth and choices for the growing needs of our retail partners and the consumer packaged goods industry.”
 
“This merger is the culmination of our efforts to build a successful company that produces the highest quality of products by the best people,” said James L. Medford, president and chief executive officer, Aaron Industries. “PL Developments is the ideal partner to take us to the next level as the trusted provider to the retail and consumer packaged goods industries. We share the same principles that have driven our individual success which are based on providing value, service, quality, integrity and excellence in all that we do.”