Perrigo acquires JB Labs

ALLEGAN, Mich. Perrigo announced Tuesday that it had acquired JB Laboratories, a Holland, Mich.-based manufacturer of over-the-counter and nutrition products for healthcare suppliers.

The acquisition, for which Perrigo paid about $44 million in cash, is expected to add more than $70 million to annual sales.

“The acquisition of JB Laboratories will further expand our high-quality manufacturing base and provide additional FDA-approved production capacity to help us service our current and future customer needs,” Perrigo chairman and chief executive officer Joseph Papa said. “And in addition to the immediate top-line sales contribution, this investment will be accretive to earnings this year and beyond.”