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BERGEN BRUNSWIG COMPLETES ACQUISITION OF DR. T.C. SMITH CO.

 ORANGE, Calif., Nov. 18 ~PRNewswire~ -- Bergen Brunswig Corp. (AMEX: BBC) announced today that Bergen Brunswig Drug Co. has completed the acquisition of the pharmaceutical distribution division of the Dr. T.C. Smith Co., a private company located in Asheville and Raleigh, N.C.
 Robert E. Martini, chairman and chief executive officer of Bergen Brunswig Corp., said: "Dr. T.C. Smith is an excellent geographic fit with our acquisition earlier this year of Owens & Minor Inc., which is located in Virginia and Wilson, N.C. As a result of this combination, we will be able to provide a more complete and competitive offering of products and services for our customers in the Mid-Atlantic market."
 The Dr. T.C. Smith Co. acquisition represents total annual sales volume of approximately $140 million for Bergen Brunswig. Exact terms of the sale have not been disclosed, but the transaction consideration included approximately $8.2 million in cash and the assumption of disclosed liabilities, including $9.8 million in bank debt.
 Bergen Brunswig Corp. is one of the nation's largest distributors of prescription pharmaceutical and other health care products.
 -0- 11~18~92
 ~CONTACT: Neil F. Dimick, executive VP and CFO of Bergen Brunswig, 714-385-4000~
 (BBC)


CO: Bergen Brunswig Corp.; Bergen Brunswig Drug Co.;
 Dr. T.C. Smith Co. ST: California, North Carolina IN: MTC SU: TNM


BP-JL -- LA036 -- 2569 11~18~92 17:09 EST
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Publication:PR Newswire
Date:Nov 18, 1992
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