Wellgistics LLC Announces Acquisition of American Pharmaceutical Ingredients LLC, Dba American Pharmaceutical Distributors (APD)
Wellgistics' Founder Brian Norton today announced the acquisition of Detroit-based Manufacturing and Distribution companies API and APD.
LAKELAND, Fla., May 9, 2022 (Newswire.com) - Wellgistics' CEO Brian Norton today announced the acquisition of Detroit-based Pharmaceutical Manufacturer & Distributor APD. "Independent Retail Pharmacies are in serious need of better products & services," explained Norton while discussing the acquisition. "We've built our reputation on finding impactful, custom-tailored products & solutions not typically found with Big Box Distributors. If we can't help pharmacies adapt & grow, we fail. To grow, you must understand who you are, who you're talking to & how to solve unique problems." This move strengthens manufacturer and pharmacy relationships, offers a more diversified product portfolio, and brings added professional leadership to the current Lakeland Pharmaceutical Wholesale Distribution company.
The acquisition brings added depth to new supplier relationships, specialty products, services, and management. APD has been an accredited leader in the pharmacy industry for almost 10 years, specializing in hundreds of unique proprietary drug formulations as well as a nationwide sales distribution of generic and short-dated Rx products.
After nearly a decade in business, Norton sees the addition of APD as a strategic opportunity to deepen pharmacy relationships, offerings, and add more services.
"Independent Retail Pharmacies are in serious need of better products and services," explained Norton while discussing the benefits of the acquisition. "We've built our reputation on finding impactful, custom-tailored products and solutions not typically found with Big Box Distributors. If we can't help pharmacies adapt and grow, we fail. To grow, you must understand who you are, who you're talking to, and how to solve unique problems."
While the acquisition is a recent move, Wellgistics has been known for being best in class as a Secondary Wholesaler. It is also known for making friends in the space. "We really don't subscribe to the idea of competition," says Norton. "We have worked closely for many years with other distributors to ensure we help each other find solutions for pharmacy owners. APD Founder Karl Jebailey has done an absolutely terrific job building a solid team and company. It was a natural fit for us to come together in the way we have. We started out with the idea that if we did this, then 1 + 1 = 10 ... and we feel that has been accomplished." Going forward, the companies will operate singularly under the Wellgistics brand.