Berkshire's Implus buys Canadian operations of Spenco
Implus Corp, a portfolio company of U.S. private equity firm Berkshire Partners, has acquired the insole and medical adhesive assets of Spenco Medical Corp, a health and footcare company based in Waco, Texas. No financial terms were disclosed for the deal, which will see Implus assume Spenco's Canadian operations based in Mississauga, Ontario. Headquartered in Durham, North Carolina, Implus is a designer and distributor of athletic, fitness, and outdoor accessories. It received a majority investment from Berkshire in April 2015.
4 July 2016•3 mins read
