Perrigo acquires Peter Black pharmaceuticals
The Perrigo Company from Allegan MI has acquired Peter Black Pharmaceuticals for approximately $13m in cash.
The Perrigo Company from Allegan MI has acquired Peter Black Pharmaceuticals for approximately $13m in cash.
Based in Swadlincote, United Kingdom, privately held Peter Black Pharmaceuticals is the largest manufacturer of store brand vitamin and nutritional supplement products for grocery stores, pharmacies and contract customers in the UK. Peter Black has 12-month sales of $38m and 250 employees.
Commenting on the transaction, Perrigo's chairman, president and ceo, David T Gibbons, said: "We first invested in the United Kingdom with the acquisition of Wrafton Laboratories. With the acquisition of Peter Black, we have taken an important step in becoming one of the UK's largest manufacturers of otc pharmaceutical and nutritional products sold by supermarket, drug and mass merchandise retailers under their store brand labels. We intend to use this market leadership position to better serve our customers in the UK'
Perrigo Company is the US's largest manufacturer of otc pharmaceutical and nutritional products sold by supermarket, drug, and mass merchandise chains under their own labels. The Company's products include analgesics, cough and cold remedies, gastrointestinal, and feminine hygiene products, and nutritional products, such as vitamins, nutritional supplements and nutritional drinks.