- change ups
Perrigo Buys Unico Holdings
ALLEGAN — Perrigo Co. has acquired Florida-based Unico Holding for approximately $49 million in cash. Privately-held Unico is the leading manufacturer of store brand pediatric electrolytes, enemas and feminine hygiene products for retail customers in the United States. The acquisition is expected to add nearly $50 million of annual sales, which will be accretive to earnings in the first 12 months.
“The acquisition of Unico expands our store brand product offering into important categories that we currently do not offer,” said Perrigo Chairman and CEO Joseph C. Papa. “This investment further solidifies Perrigo’s commitment to providing our customers the broadest portfolio of store brand products in the industry and to meeting the world’s growing need for quality, affordable heath care.”