PetIQ completed the acquisition of Perrigo Animal Health from Perrigo for $185m.

PetIQ, a leading pet medication, and wellness company completed the acquisition of Perrigo Animal Health, a leading manufacturer of vet quality products for pet parents, from Perrigo for $185m in cash. The transaction was financed through a combination of $25m of existing cash on hand, and the rest from loan financing. “We are excited to have closed this important acquisition, and on behalf of PetIQ we welcome the Perrigo Animal Health team to the PetIQ. We look forward to capitalizing on our opportunities to increase our manufacturing scale, expand product and brand diversity, and improve our customer reach, all while we capture significant cost savings and synergies to fuel greater net sales and profitability,” Cord Christensen, PetIQ Chairman, and Chief Executive Officer.