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BERGEN BRUNSWIG ACQUIRES PHARMACEUTICAL DISTRIBUTION BUSINESS FROM OWENS & MINOR

 BERGEN BRUNSWIG ACQUIRES PHARMACEUTICAL DISTRIBUTION BUSINESS
 FROM OWENS & MINOR
 ORANGE, Calif., Feb. 28 /PRNewswire/ -- Bergen Brunswig Corporation (AMEX: BBC) today announced completion of the acquisition by Bergen Brunswig Drug Company of the net assets and business of Owens & Minor Inc.'s (NYSE: OMI) pharmaceutical distribution centers located in Richmond, Va.; Norfolk, Va.; and Wilson, N.C.
 The acquisition represents total annual sales volume of approximately $300 million. Exact terms of the sale have not been disclosed, but the transaction consideration included approximately $50 million in cash.
 Robert Martini, president and chief executive officer of Bergen Brunswig Corporation, said, "This acquisition will allow us to significantly expand existing service areas from Virginia into the mid-Atlantic states."
 Bergen Brunswig Corporation is one of the nation's largest distributors of prescription pharmaceuticals and other health care products and the largest national distributor of prerecorded video cassettes.
 -0- 2/28/92
 /CONTACT: Neil F. Dimick, vice president and chief financial officer, 714-385-4000/
 (BBC OMI) CO: Bergen Brunswig Corporation; Owens & Minor Inc. ST: California, Virginia, North Carolina IN: MTC SU: TNM


GK -- NY014 -- 3601 02/28/92 09:16 EST
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Publication:PR Newswire
Date:Feb 28, 1992
Words:184
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