Perrigo enters lice market
This article was originally published in The Tan Sheet
Executive Summary
The Allegan, Mich.-based private labeler enters an agreement March 7 to expand its offerings into a new category by paying $12 mil. in cash for Qualis's store-brand pediculicide products in a transaction the firms expect to close around June 30. In a release, Perrigo President and CEO Joe Papa says the acquisition will bring "a range of products that fits nicely within our Consumer Healthcare business portfolio." The firm says adding Des Moines, Iowa-based Qualis's OTC product formulations similar to the Rid and Nix brands should increase its sales by $10 mil. annually...