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Perrigo Buys Galpharm Healthcare
ALLEGAN — Perrigo Co. has acquired Galpharm Healthcare Ltd. for $86 million in cash. The privately held Galpharm is based in Barnsley, Yorkshire, United Kingdom, and is a leading supplier of over-the-counter store brand pharmaceutical products sold by U.K. supermarkets, drug stores and pharmacies. The acquisition is expected to add more than $55 million in sales annually and be accretive to earnings in the first year.