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Consumer OTC Drugs

Perrigo to focus on OTCs, nutritionals with planned sale of personal care operation.

This article was originally published in The Tan Sheet

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Executive Summary

PERRIGO TO FOCUS ON OTC, NUTRITIONAL BUSINESSES through the divestiture of its $200 mil. personal care operations, the company announced June 29. The Allegan, Mich.-based private labeler's plan to divest personal care is part of a greater management restructuring to help Perrigo improve its margins and enhance its profitability. The personal care business has been Perrigo's second largest after OTCs, with sales of $526.5 mil., and followed by nutritionals, with sales of $110.4 mil. Perrigo has retained the investment banking firm J.P. Morgan to explore "strategic options to maximize the sale value of the personal care business."

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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