Perrigo buys Galpharm Healthcare for $86 million

Jan 9 (Reuters) - Generic drugmaker Perrigo Co (PRGO.O) said it has acquired UK-based pharmaceutical products maker Galpharm Healthcare Ltd for $86 million in cash to expand its global presence.

The acquisition is expected to add more than $55 million in sales annually and add to earnings in the first year, Perrigo said in a statement.

(Reporting by Sharangdhar Limaye in Bangalore; Editing by Deepak Kannan)

((sharangdhar.limaye@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging:sharangdhar.limaye.reuters.com@reuters.net)) Keywords: PERRIGO/ACQUISITION

(C) Reuters 2008. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWNAS6031

Stocks

M&A

• Tweet this
• Link this
• Share this
• Digg this
• Email
• Reprints

Comments (0)

This discussion is now closed. We welcome comments on our articles for a limited period after their publication.