R.P. Scherer Corp. said it completed the $ 10.2 million of its Southern Optical subsidiary to a group led by the unit's, Thomas R. Sloan, and other managers.
Following the acquisition of R.P. Scherer by a buy-out group led by Shearson Lehman Hutton earlier this year, the maker of gelatin capsules decided to divest itself of certain of its non-encapsulating businesses.
The sale of Southern Optical is a part of the program.