M&A Deal Summary

PetIQ Acquires Perrigo Company - Perrigo Animal Health

On July 8, 2019, PetIQ acquired consumer products company Perrigo Company - Perrigo Animal Health from Perrigo Company for 185M USD

Acquisition Highlights
  • This is PetIQ’s 1st transaction in the Consumer Products sector.
  • This is PetIQ’s 2nd largest (disclosed) transaction.
  • This is PetIQ’s 1st transaction in Ireland.

M&A Deal Summary

Date 2019-07-08
Target Perrigo Company - Perrigo Animal Health
Sector Consumer Products
Buyer(s) PetIQ
Sellers(s) Perrigo Company
Deal Type Divestiture
Deal Value 185M USD

Target

Perrigo Company - Perrigo Animal Health

Dublin, Ireland
Perrigo Company PLC - Perrigo Animal Health makes quality products that help protect furry family member’s well-being. Perrigo Animal Health brands include PetArmor®, SENTRY®, and Sergeant’s®. With a pet health and well-being heritage dating back to 1868, Perrigo Animal Health unit continues to develop products that empower pet parents to care for their pets at home. Perrigo Animal Health products include flea and tick treatments, behavior products, allergy relief, de-wormer medications and more.

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Buyer(S) 1

Buyer

PetIQ

Eagle, Idaho, United States

Category Company
Founded 2010
Sector Consumer Services
Revenue 1.1B USD (2023)
DESCRIPTION

PetIQ is a distributor and supplier of branded and generic pet pharmaceuticals and over-the-counter (OTC) products to national retailers. PetIQ was founded in 2010 and is based in Eagle, Idaho.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Ireland M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-08 VIP Petcare

Windsor, California, United States

Community Veterinary Clinics LLC is a provider of preventative and wellness veterinary services throughout the United States via its network of clinics. The Company’s more than 2,500 community clinics, located in locally-based pet stores and feed stores, offer a wide variety of preventative pet care services, including diagnostic tests, vaccinations, prescription medications, microchipping and wellness checks. In addition, CVC sells a wide variety of prescription diets, medication, and other pet supplies through its online ecommerce store.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Elanco Animal Health - Capstar

Greenfield, Indiana, United States

Elanco Animal Health, Inc. - Capstar is an oral over-the-counter (“OTC”) flea treatment product in the United States. The Capstar portfolio is comprised of seven SKUs, including three private-label SKUs that are sold under the Capaction® brand. Capstar® is an oral tablet for the treatment of flea infestations on dogs, puppies, cats, and kittens and is currently the best-selling oral OTC flea treatment product in the United States.

Buy $95M

Seller(S) 1

SELLER

Perrigo Company

Dublin, Ireland

Category Company
Founded 1887
Sector Life Science
Employees8,379
Revenue 4.4B USD (2024)
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 6 of 9
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 6 of 9
Country: Ireland M&A 3 of 3
Year: 2019 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Ranir

Grand Rapids, Michigan, United States

Ranir LLC is a manufacturer of private label consumer oral and personal care products, including power and manual toothbrushes, teeth whiteners, dental floss and flossers, interdental devices, travel accessories and more. Ranir LLC was founded in 1979 and is based in Grand Rapids, Michigan.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Prevacid

United States

Prevacid®24HR provides medicines that prevent the acid that causes frequent heartburn.

Buy -