Ontario, Canada – A pair of West Seneca industrial buildings was acquired by a Canadian health products manufacturer. The property was used as a warehouse facility and an urgent care clinic by Excellus Health Plan, mother company of Univera Healthcare.
Property Acquisition
The Reena Group Companies, a natural health products manufacturer in Scarborough, Ontario acquired a pair of buildings owned by Excellus Health Plan. The property acquisition costed 1.4 million dollars. Excellus Health Plan is the mother company of Univera Healthcare, and is also a part of Lifetime Healthcare Companies. The said buildings were previously used for non-manufacturing purposes. However, the new owner will turn the property to industrial use. The representative of Excellus, David Schiller said that they had the same interest with the buildings, turning it into an office or a building for industrial purposes. The acquisition, will now fulfill those similar kinds of intention.
Reena Group Companies
Established in 1983, the Reena Group Companies is led by Chairman Manohar Sood. It is a health products manufacturer of herbal, cosmetics, health food, as well as homeopathics. It is also a known provider of regulatory consulting services to different industries within Canada. The majority of its clients includes consumer goods industries, cosmetics, and pharmaceutical companies, seeking for services in regulating their goods. Moreover, Reena has wide-ranging services divisions from regulatory consulting to laboratory testing, and manufacturing. The company’s specialty focuses on over-the-counter (OTC) products and dietary supplements. Those who need such products could immediately visit urgent care clinics.
Continuous Expansion
As the company continues to expand its operations, an urgent care towards every division is necessary. The CAL Labs, USA, which is the company’s technology-based analytical testing lab will be brought to the new site. Reena’s Chief Executive Officer (CEO) Christian Sood said that the manufacturing division will be integrated in six months. Skilled employees such as chemists and microbiologists will be employed, from 10 employees in its first year to 40 in its fifth year.
Growth in the United States
The company’s CEO also stated that they seek to regain its business operations in the United States, although it has been providing services to some US-based corporations already. The solid business plan was considered as a sort of an urgent care near me venture for the company. Sood emphasized that venturing into the US is something to look forward to, considering it as a fantastic opportunity for the business’ growth. The company, as a health products manufacturer aims to grow its venture in the Buffalo area specifically.
