Health Care and Manufacturing

Drug maker acquiring distributor

August 18, 2016
Text Size:
Perrigo acquires Rosemont Pharmaceuticals for $283M to expand in U.K.
Perrigo is a global over-the-counter pharmaceutical manufacturer. Photo via

A drug maker in the region is planning to acquire a U.S. distributor of health care and consumer goods products.

Perrigo, a Dublin-based company, which operates its North American base in Allegan, said yesterday that it has agreed to purchase Peachtree City, Georgia-based Geiss, Destin & Dunn, or GDD, a "small" over-the-counter distributor serving non-chain retail and institutional markets.

The transaction is expected to close by the end of the month.

John Hendrickson, Perrigo CEO, said although the deal is a “relatively small” transaction value, the acquisition “further strengthens and diversifies our U.S. distribution and retail network.”

He said the deal will provide Perrigo with direct access to the non-mass retail market.

“While we currently distribute product to this channel through GDD, I am pleased we will now bring the management of this business completely in house,” Hendrickson said.

“We look forward to welcoming the GDD team to Perrigo,” he added. 

Recent Articles by Charlsie Dewey

Editor's Picks

Comments powered by Disqus