Perrigo Acquires JB Laboratories

Perrigo Co. has acquired JB Laboratories for approximately $44 million in cash. JB Labs is a contract manufacturer of OTC and nutrition products for healthcare suppliers in the U.S. The acquisition is expected to add more than $70 million in annual sales.
   
Perrigo’s chairman and chief executive officer, Joseph C. Papa, stated, “The acquisition of JB Laboratories will further expand our high-quality manufacturing base and provide additional FDA-approved production capacity to help us service our current and future customer needs. And in addition to the immediate top line sales contribution, this investment will be accretive to earnings this year and beyond. This acquisition further exemplifies Perrigo’s commitment to meeting the world’s growing need for quality, affordable healthcare.”