Richards Packaging Income Fund
Richards Packaging Income Fund
6095, Ordan Drive Mississauga, Ontario Canada, L5T 2M7
1 800 361-6453
Sector: Financial
Description
Richards Packaging Income Fund is a packaging and distribution company involved in manufacturing plastic and glass containers.
Founder Paul Richards established the firm as Richards Glass Co Ltd in 1911, primarily as a manufacturer and supplier of glass containers.
These glass containers were reportedly used by pharmaceutical and retail drug trade industries as the medicine bottles in those days were generally made from glass.
The company’s products are used in packaging across cosmetics, food, healthcare, and beverages industries.
The packaging company had established a footprint in the United States and Canadian markets and reportedly expanded its business in Canada by distributing high-quality products with on-time servicing.
The company further entered the United States’ markets by late 1970s under a new name and large distribution base.
Richards Packaging has acquired well-established companies like DISPILL, HEALTHMARK and CLARION to develop expertise in healthcare, reportedly.
By acquiring DISPILL, the company gained expertise in drug packaging, while HEALTHMARK acquisition provided storage automation and automatic distribution and preparation of medicines services.
With CLARION acquisition, Richards reinvented itself by utilizing laser devices for medical aesthetic care.
The packaging firm caters to the following industries:
• Industrial
• Closures
• Health and Beauty
• Pharmaceutical
• Food and Beverage
The company provides several additional services such as manufacturing solutions, global sourcing, packaging items, inventory management, etc.
RICHARDS Pharma Solutions is a platform of companies such as:
• RICHARDS Rx
• Dispill
• Dospill
• Healthmark
These companies provide innovative packaging solutions to various healthcare systems and customers in the pharmaceutical industry.
In 1984, the company innovated and manufactured a Med-A-Safe recyclable polypropylene.
It introduced DISPILL in 1997, which was automated in 2008 as a part of Richards’ sustainable development plan. The company also reportedly embossed “Dispill” in braille for visually impaired in 2010.
In 2016, the company acquired Healthmark in 2016.
Honey Pacifica, a provider of raw honey, sources its containers from Richards Packaging Woodland Hills in the United States.
During the COVID-19 pandemic, the company claims to have designed and manufactured various protection items like masks, sanitizer bottles, gloves, alcohol gels, etc.
The packaging company provider several products, including
• Plastic pails and packers
• Glass jars of different shapes like cylinders, hexagon and oval hexagon
• Plastic Jugs, tubs and jars
• Glass wine and beer bottles
• Closures and pumps
• Dropper glass bottles
• PET & PVC glass
Financial reports, product catalogue, and investor resources are regularly updated on the official website.
Peers
FFH
Fairfax Financial Holdings Ltd
EQB
Equitable Group Inc
ELXR
Elixxer Ltd.
MIT
The Mint Corporation.
LIF
Labrador Iron Ore Royalty Corporation
WTE
Westshore Terminals Investment Corp
DELX
Delphx Capital Markets Inc
CFP
Canfor Corp
NA
National Bank of Canada
URC
Uranium Royalty Corp.
HCG
Home Capital Group Inc
MPT
Midpoint Holdings Ltd.