Perrigo and Tengram Capital Partners to acquire High Ridge Brands for $121m.

Perrigo, a manufacturer of private label over-the-counter pharmaceuticals, and Tengram Capital Partners, a private equity firm formed to invest in companies in the branded consumer products and retail space, agreed to acquire High Ridge Brands, a branded personal care company, for $121m. An affiliate of Perrigo will acquire the company's oral care business and an affiliate of Tengram Capital Partners will acquire the company's hair care and skin cleansing business. "This outcome maximizes the value of our strong brands and supports the interests of all of our stakeholders. The buyers bring significant resources and experience and have long track records helping acquired brands build on their strong foundations and continue to grow. The transaction will be seamless for both our customers and consumers. As we finalize the sale, we remain focused on continuing the on-time, in-full deliveries of all our hair care, skin cleansing and oral product lines," Patricia Lopez, High Ridge Brands' Chief Executive Officer and President.