Smith Drug Company Announces Closure of Paragould Facility, Plans to Sell Assets

Smith Drug Company set to transition operations

PARAGOULD — A South Carolina-based company said Tuesday that it plans to pursue transitions that would transfer its assets, including its facility in Paragould to a strategic buyer or buyers, subject to final agreements.

Smith Drug Company announces closure of Paragould facility, plans to sell assets

Smith Drug Company has announced plans to close its Paragould operations and sell its assets.

Smith Drug Co. announces intent to transition operations

SPARTANBURGS, S.C. – Smith Drug Co., a division of J M Smith Corporation, announced that it is pursuing transactions that would transfer its assets to a strategic buyer, or buyers, subject to final agreements and customary closing conditions.Founded in 1925 as a single-community pharmacy in Asheville, N.C., J M Smith Corp. has grown organically and through a series of acquisitions to become one of the largest pharmaceutical distributors in the c…