Derma Sciences (DSCI) to Acquire BioD in ~$77.8M Deal

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Go back to Derma Sciences (DSCI) to Acquire BioD in ~$77.8M Deal

Derma Sciences (DSCI) Enters Agreement to Sell FAD Division in $12.2M Deal

July 27, 2016 7:49 AM EDT

Derma Sciences, Inc. (Nasdaq: DSCI) announces the signing of a definitive agreement to sell its First Aid Division (FAD) to Dukal Corporation for approximately $12.2 million, including inventory. Dukal is a privately-held supplier of a broad range of best-in-class disposable medical products and patient-care items for all medical markets, with headquarters in Ronkonkoma, N.Y.

Terms of the agreement call for an immediate payment at closing to Derma Sciences of $9.5 million in cash. In addition, Derma Sciences will hold a... More