PLZ specialises in the development, manufacturing, packaging and distribution of a line of contract fill, branded and private-label products.
In all, PLZ has five manufacturing locations in North America boasting 455,000 square feet of manufacturing space and 700,000 square feet of warehousing and distribution space.
Rob Theroux, division manager of PLZ Aeroscience Canada, described the transaction as a particularly strategic one.
PLZ said that the continued support of US private equity group Olympus Partners had made it possible to pull off the Assured deal.