ALLEGAN, Mich., Nov. 13 /PRNewswire-FirstCall/ -- Perrigo Company
(Nasdaq: PRGO; TASE) announced today that it has acquired Unico Holdings for
approximately $49 million in cash. Based in Lake Worth, Florida,
privately-held Unico is the leading manufacturer of store brand pediatric
electrolytes, enemas and feminine hygiene products for retail customers in the
US. The acquisition is expected to add nearly $50 million of annual sales and
be accretive to earnings in the first twelve months.
Perrigo's Chairman and CEO Joseph C. Papa stated, "The acquisition of
Unico expands our store brand product offering into important categories that
we currently do not offer. This investment further solidifies Perrigo's
commitment to providing our customers the broadest portfolio of store brand
products in the industry and to meeting the world's growing need for quality,
affordable healthcare."
Perrigo Company is a leading global healthcare supplier that develops,
manufactures and distributes over-the-counter (OTC) and 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 facilities are the United States,
Israel, Mexico and the United Kingdom. Visit Perrigo on the Internet
(http://www.perrigo.com).
Note: Certain statements in this press release are forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and are subject to the safe harbor created thereby. These
statements relate to future events or the Company's future financial
performance and involve known and unknown risks, uncertainties and other
factors that may cause the actual results, levels of activity, performance or
achievements of the Company or its industry to be materially different from
those expressed or implied by any forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may,"
"will," "could," "would," "should," "expect," "plan," "anticipate," "intend,"
"believe," "estimate," "predict," "potential" or other comparable terminology.
The Company has based these forward-looking statements on its current
expectations, assumptions, estimates and projections. While the Company
believes these expectations, assumptions, estimates and projections are
reasonable, such forward-looking statements are only predictions and involve
known and unknown risks and uncertainties, many of which are beyond the
Company's control. These and other important factors, including those
discussed under "Risk Factors" in the Company's Form 10-K for the year ended
June 28, 2008, as well as the Company's subsequent filings with the Securities
and Exchange Commission, may cause actual results, performance or achievements
to differ materially from those expressed or implied by these forward-looking
statements. The forward-looking statements in this press release are made
only as of the date hereof, and unless otherwise required by applicable
securities laws, the Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
