Hi-Tech Pharmaceuticals, a global provider of dietary supplements, contract manufacturing, raw material sales, and OTC pharmaceuticals, has acquired Guadalajara, Mexico-based Advanced Pharmaceuticals and Nutritionals (APN).

APN offers a portfolio of OTC pharmaceuticals and dietary supplements with operations in Mexico, Central America, and South America. The transaction will enhance Hi-Tech’s dietary supplements and OTC product offering and expand its distribution through APN’s established platform.

“The combination of these two great companies accelerates Hi-Tech’s international growth strategy, substantially diversifies our business streams and establishes a durable leadership position in Mexico and the South American nutritional and OTC marketplace,” said Hi-Tech chairman, president and chief executive officer Jared Wheat. “We believe this strategic transaction will enhance our industry-leading growth profile by expanding market opportunities. APN brings a leading OTC and nutritional distribution portfolio, Latin America capabilities, and a highly experienced management team to support Hi-Tech’s continued growth.”

APN is one of the largest players within the Latin America OTC and nutritional markets and the largest or second largest player in four individual South American markets. APN distributes many leading cough and cold,  pain relief, weight management, sports nutrition, nutraceuticals, and gastrointestinal treatment brands.