Perrigo Company plc (NYSE; TASE: PRGO) announced today that it has completed the acquisition of the oral self-care assets of High Ridge Brands. The acquisition underscores the numerous bolt-on opportunities that are advancing Perrigo’s commitment to transform to a global consumer-focused self-care company and build shareholder value.
“This tuck-in acquisition highlights the attractive growth opportunities available in this space,” said Rich Sorota, Executive Vice President and President, Consumer Self-Care America’s. “This acquisition provides us with well-established oral self-care brands that further enables us to better meet the needs of our retail partners by providing their consumers a wider array of high-quality, affordable and innovative new products.”
The closing of this acquisition builds upon Perrigo’s July 2019 acquisition of Ranir, the world’s largest private label oral self-care company. Notably, the deal includes leading children’s oral care value brand, Firefly®, in addition to the REACH® and Dr. Fresh® brands. Additionally, a strong licensing portfolio will enable creative solutions for our customers. These assets position the Company as the #1 fastest growing value brand player in the children’s oral care category.
Source: BioSpace
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