Announced
Financials
Tags
Friendly
over the counter pharmaceuticals
Acquisition
Pharmaceuticals
Pending
United Kingdom
pharmaceutical company
Private
Single Bidder
Synopsis
Perrigo Company, an Irish–registered manufacturer of private label over-the-counter pharmaceuticals, agreed to acquire Prevacid®24HR business of GlaxoSmithKline, a British multinational pharmaceutical company. Financial terms of the agreement were not disclosed. “This acquisition of the well-established brand Prevacid®24HR is another example of how tuck-in acquisitions can expand our robust self-care portfolio. This margin accretive asset strengthens our leadership position in a core category and is expected to accelerate brand and category growth. I am confident our team can enhance the value of the Prevacid® brand. Perrigo is in the unique position to leverage its existing infrastructure and manufacturing expertise as we currently promote the active ingredient lansoprazole as a store brand product, expansive US customer network, and innovation pipeline in the gastrointestinal category, which extends beyond current national brand offerings.” Perrigo CEO and President Murray S. Kessler.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.