Health Care and Manufacturing

Perrigo acquires European drug supplier for $4.48B

November 6, 2014
| By AP |
Text Size:
Perrigo launches marketing campaign for store brand OTC meds
Perrigo is the world's largest manufacturer of store brand OTC meds. Image via

Perrigo is expanding its reach into Europe by acquiring one of the continent's biggest suppliers of non-prescription medicines in a deal valued at about $4.48 billion.

The over-the-counter drugmaker Perrigo Co. Plc said today that it will pay a combination of cash and stock to acquire Omega Pharma in Nazareth, Belgium.

The deal is worth about 3.58 billion euros, or $4.48 billion, when counting debt.

Perrigo said the deal accelerates its international growth and diversifies its business.

The company moved its headquarters to Dublin from Allegan, its current North American base, after agreeing last year to buy Irish drugmaker Elan for $8.6 billion.

Shares of Perrigo are slipping in pre-market trading.

Recent Articles by AP

Editor's Picks

Comments powered by Disqus