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Perrigo buys Galpharm Healthcare for $86 million

Wed Jan 9, 2008 12:31pm EST

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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

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