M&A Deal Summary

Perrigo Company Acquires OTC Products

On February 28, 2014, Perrigo Company acquired medical products company OTC Products from Aspen Global for 51M USD

Acquisition Highlights
  • This is Perrigo Company’s 8th transaction in the Medical Products sector.
  • This is Perrigo Company’s 14th largest (disclosed) transaction.
  • This is Perrigo Company’s 1st transaction in Mauritius.

M&A Deal Summary

Date 2014-02-28
Target OTC Products
Sector Medical Products
Buyer(s) Perrigo Company
Sellers(s) Aspen Global
Deal Type Divestiture
Deal Value 51M USD

Target

OTC Products

Grand Bay, Mauritius
OTC Products are primarily sold through the mass retail channel and include the Herron® range of analgesics, vitamins and supplements. This basket of products is expected to generate at least $20 million in annual revenue.

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Buyer(S) 1

Buyer

Perrigo Company

Dublin 2, Ireland

Category Company
Founded 1887
Sector Life Science
Employees9,140
Revenue 4.7B USD (2023)
DESCRIPTION
Entrance to a Perrigo facility in Duncan, South Carolina.
Entrance to a Perrigo facility in Duncan, South Carolina.

Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API), as well as receives royalties from Multiple Sclerosis drug Tysabri®. The company is the world's largest manufacturer of OTC pharmaceutical products for the store brand market and an industry leader in pharmaceutical technologies. Perrigo Company was founded in 1887 and is based in Dublin, Ireland.


DEAL STATS #
Overall 21 of 31
Sector (Medical Products) 8 of 10
Type (Divestiture) 3 of 7
Country (Mauritius) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Elan

Dublin, Ireland

Elan is a biotechnology company, headquartered in Dublin, Ireland, committed to making a difference in the lives of patients and their families by dedicating itself to bringing innovations in science to fill significant unmet medical needs that continue to exist around the world. It focused on discovering and developing advanced therapies in neurodegenerative and autoimmune diseases.

Buy $8.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 Omega Pharma NV

Nazareth, Belgium

Omega Pharma NV is a healthcare company. Omega Pharma provides medicines, health and personal care that can be purchased at the pharmacy.

Buy €3.6B

Seller(S) 1

SELLER

Aspen Global

Grand Bay, Mauritius

Category Company
Founded 2008
Sector Life Science
DESCRIPTION

South African-based Aspen is a supplier of branded and generic pharmaceuticals in more than 150 countries across the world and of consumer and nutritional products in selected territories. Aspen has production capabilities for a wide variety of product types including tablets, capsules, eye drops, injectable products (including lyophilized vials), oral contraceptives, form-filled seals, suppositories, liquids, creams, ointments, infant nutritional products, and specialist active pharmaceutical ingredients.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 2
Country (Mauritius) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 GSK s Arixtra Fraxiparine brands

United Kingdom

Arixtra and Fraxiparine/Fraxodi are made at a sterile site and the ability to manufacture steriles is globally recognised as a specialist activity resulting in limited possible competition. This is a factor further underlined by the increased complexity of the manufacturing process of Fraxiparine/Fraxodi due to the biological nature of the active pharmaceutical ingredients (“API”) used in their production.

Buy £700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Aspen Global - Japanese Operations

Japan

Aspen Global, Inc.'s Japanese Operations is a provider of branded and generic pharmaceuticals.

Sell R6.5B