FOR IMMEDIATE RELEASE
For more information, contact:
Lisa Nardi
Vice President, Marketing
Nipro Diagnostics, Inc.
(800) 342-7226, ext. 2183
lnardi@niprodiagnostics.com
Strategic Acquisition Accelerates Nipro Diagnostics Vision
to be a Total Diabetes Healthcare Supplier.
P.J. Noyes Will Significantly Expand High-Quality, High-Value
Diabetes Management Products Manufacturing Capability.
(Fort Lauderdale, FL) – Nipro Diagnostics, Inc. – a leading manufacturer and
marketer of blood glucose monitoring products and diabetes management supplies –
today announced the acquisition of P.J. Noyes, a privately held New Hampshire-based
manufacturer of OTC healthcare, personal care products, nutraceuticals, and dietary
supplements.
“This strategic acquisition expands Nipro Diagnostics’ capabilities, adds expertise,
pipeline of formulations and expands our USA-based manufacturing. Our leadership
position in blood glucose monitoring is the foundation of our ecosystem, including
sharps, nutraceuticals, personal care products and dietary supplements. We are
committed to supporting the health and wellness needs of an ever-growing diabetes
population with high-quality, low-cost products,” said Scott Verner, President and CEO
of Nipro Diagnostics.
P.J. Noyes, a company with a 150-year legacy of quality rooted in the product
development and manufacturing of nutraceuticals and personal care products, brings a
comprehensive formulation and manufacturing capability to Nipro Diagnostics. The
company produces products in multiple formats including tablets, gels and liquids, with
products ranging from nutritional supplements, homeopathic products, skin creams
and lotions, oral care solutions, pain relief products as well hypoglycemic products.
(more)
“P.J. Noyes’ manufacturing practices have long focused on providing the highest level
of quality and value to the end customer. Its unique combination of product
development, manufacturing and packaging expertise aligns perfectly with our goals for
portfolio expansion. These were driving factors in our search for the right partner to
support our strategic vision, and the reason why we are so pleased that P.J. Noyes is
now part of the Nipro Diagnostics family of companies,” Verner continued.
P.J. Noyes’ expertise complements Nipro Diagnostics’ state-of-the-art capabilities as a
leading manufacturer of blood glucose monitors, strips and accessories. The
acquisition provides vertical integration and enables significant expansion into a more
comprehensive diabetes management product portfolio. New product opportunities will
fit well into Nipro Diagnostics’ co-brand marketing strategy. Today, retailers, distributors
and mail service providers trust Nipro Diagnostics as their exclusive, co-brand blood
glucose monitoring system partner. Nipro Diagnostics’ TRUE brand of products
represents the highest in quality and value with proven performance that is equal or
superior to competitive brands, at significantly lower costs. The same value equation will
be true of new diabetic products manufactured by P.J. Noyes.
Nipro Diagnostics’ vision is to maintain its current value proposition over its entire
product portfolio and to develop a diabetes management solution that offers innovative,
affordable solutions for diabetes patients to lead healthier lives. Patients with diabetes
experience multiple co-morbidities such as foot and skin care issues, nutritional and
weight management concerns, neuropathy, and eye care problems. Satisfying these
needs enables Nipro Diagnostics to extend its current model into a market basket
strategy, with a focus on helping retailers to leverage their own brand success and
maximize value per patient.
Nipro Diagnostics has already begun expanding its product portfolio to high-quality, lowcost accessory products including syringes, lancets, ketone strips, glucose shots,
tablets and gels under its TRUEplus brand. The acquired capabilities of P.J. Noyes
accelerates this new product development strategy and will quickly and significantly
expand Nipro Diagnostics’ diabetes management products portfolio.
Nipro Diagnostics’ strategic acquisition of P.J. Noyes is the first step towards achieving
its strategic vision as a comprehensive, single-source total diabetes healthcare supplier
that will deliver significant profitability and ability for its business partners to create a
diabetes destination that will afford unprecedented quality and value to diabetic
consumers.
(more)
Verner concluded, “We are excited to see our vision unfold and remain committed to a
strategy of portfolio expansion, high-performance, high-value products, and partner
profitability – all of which will allow us to realize our vision as a leading total diabetes
healthcare supplier.”
About Nipro Corporation: Nipro Corporation, headquartered in Osaka, Japan, has
been a world leader in providing medical products to the healthcare community for over
50 years. In addition to Nipro branded products, Nipro provides manufacturing support
to some of the biggest names in the medical field.
About Nipro Diagnostics, Inc.: Based in Fort Lauderdale, Florida, Nipro Diagnostics,
Inc. is a leading developer, manufacturer and marketer of diabetes monitoring and
management products. The company offers a portfolio of high- quality blood glucose
monitoring systems and diabetes management products available around the world.
Nipro Diagnostics is the exclusive supplier of blood glucose monitoring systems, cobranded under the TRUE name, to the world’s leading pharmacies, distributors and mail
service providers. For more information, please visit: www.niprodiagnostics.com
About P.J. Noyes Company: Based in Lancaster, New Hampshire, P.J. Noyes
Company is dedicated to serving its contract-manufacturing customers in the markets of
dietary supplements, OTC nutraceuticals, personal care products, homeopathics, and
dietary products. These customers range in size from sole proprietorships to
multinational corporations. Products made at P. J. Noyes Company are found in all
major U.S. retail outlets and on many shelves around the world. For more information,
please visit: www.pjnoyes.com
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