Kinray Snapshot
Kinray, one of the US's top private wholesale drug distributors, is no longer independent, but is still a force to be reckoned with. The company provides generic, branded, and repackaged drugs, health and beauty products, medical equipment, vitamins, and diabetes-care products to 2,000 independent pharmacies, long-term care facilities, and specialty pharmacies along the Eastern Seaboard. Kinray also offers about 800 private label products under the Preferred Plus Pharmacy brand. The firm was founded in 1944 Joseph Rahr, father of CEO (and former owner) Stewart Rahr. The younger Rahr took over in 1975 and turned the company into a multi-billion dollar enterprise. However, in 2010 Rahr sold Kinray to Cardinal Health.