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Perrigo Company Deprives Israel Cosmetics Business for 205 Million New Israeli Shekels

Written by: on 18th November 2009 |
perrigo
Perrigo Company Deprives Israel Cosmetics Business for 205 Million New Israeli Shekels  | read this item

Perrigo Company announced that it has signed a definitive agreement to sell its Israel Consumer Products business along with the related production assets in Israel to Emilia Group, a subsidiary of O. Feller Holdings Ltd., for 205 million New Israeli Shekels, that’s around $54 million US Dollars!

Reports say that the transaction will close in the first calendar quarter of 2010. Under the terms of the agreement, Perrigo will provide distribution and support services for the related U.S. private label cosmetics business for twelve months after the close of the transaction.

Perrigo Company is known as the leading global healthcare supplier that develops, manufactures and distributes OTC and generic prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients (API) and consumer products.

The Company is the world’s largest manufacturer of OTC pharmaceutical products for the store brand market. The Company’s primary markets and locations of manufacturing and logistics operations are the United States, Israel, Mexico and the United Kingdom. Visit Perrigo on the Internet

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