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In Brief: Fuisz Technologies

This article was originally published in The Rose Sheet

Executive Summary

Fuisz Technologies: Chantilly, Va.-based drug delivery developer acquires Roswell, Ga.-based skin care and nutritional supplements distributor Pangea, Fuisz announced May 21. Fuisz said it was interested in privately held Pangea because of the firm's stable of 2,000 direct-to-consumer sales reps, which "advances Fuisz' strategy to widen" its product distribution network. "It was perfectly logical that Fuisz, instead of allowing a portion of its product line to build someone else's organization, should acquire its own independent distributorship," the company explained. Fuisz said that Pangea, which is headed by founder and CEO Ron Mahan, has annual sales of about $2 mil...
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