12:36 PM EDT, 06/24/2024 (MT Newswires) -- Richards Packaging Income Fund (RPI-UN.TO) on Monday said its Clarion Medical Technologies unit acquired Insight Medical Technologies, a vision-care distributor based in Calgary, for $5.3 million funded from cash on hand.

Insight serves optometry and ophthalmology clinics across Canada.

"We are pleased to announce the acquisition of Insight Medical who have been a reliable partner in the vision-care industry for over 20 years, with a high level of professionalism and expertise. We are confident that we can support Insight's organic growth with the power of the Clarion platform in the coming years.", said John Glynn, President of Richards Packaging.

Richard's units were last seen down $0.30 to $30.00 on the Toronto Stock Exchange.

Price: 30.00, Change: -0.30, Percent Change: -0.99