Domtar to Acquire Home Delivery Incontinent Supplies Co. for $45 Million
(USA, August 18, 2016) Domtar Corporation today announced that it had agreed to purchase the privately-held Home Delivery Incontinent Supplies Co. (“HDIS”), a leading, national direct-to-consumer provider of adult incontinence and related products for a total cash consideration of $45 million with a possible earn-out payment of up to $10 million.
“Direct-to-consumer engagement and interaction is growing, and provides unique consumer and customer insights that are critical to continuously improve the value of our offering,” said Michael Fagan, President, Domtar Personal Care division. “Adding HDIS’s successful high-touch service model and capabilities supports our Personal Care growth strategy.”
“We found in Domtar Personal Care shared values of treating customers and employees like family,” said Dawn Grench, founder and owner of HDIS. “I look forward to watching the continued growth and success of the business.”
Founded in 1986 and headquartered in Olivette, Missouri, HDIS provides customers with high-quality products and a personalized service for all of their incontinence needs. The Company has total revenues of approximately $65 million, operates a 200,000 square foot distribution center in Olivette, Missouri, as well as two retail locations, in Texarkana, Arkansas and Daytona Beach, Florida and employs approximately 240 people.
The closing of the transaction is expected by year-end, subject to customary closing conditions.
Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products. To learn more, please visit: www.domtar.com (Source: Domtar Corp.)