Procyte Buys Distributor Of Skin Products, Drugs

SEATTLE - ProCyte has acquired HumaTech Laboratories of Boca Raton, Fla., a private company that sells prescription and over-the-counter drugs and skin-care products to dermatologists, plastic surgeons and cosmetic surgeons.

The $3 million transaction involves $1.5 million in cash and 1.1 million shares of ProCyte stock. The acquisition also includes incentives for hitting sales targets in the next 12 and 24 months.

HumaTech's management team will continue with ProCyte, which develops and markets products for tissue repair, skin health and hair care.