Perrigo buys Patheon for $34 million

DUBLIN  - Perrigo announced Tuesday that it has acquired the Mexican operations of Durham, N.C.-based Patheon for $34 million in cash. 

 

The acquisition significantly enhances Perrigo's softgel production, the company stated. 

 

"Perrigo has long desired to be a prime manufacturer of softgel products and we believe the acquisition of Patheon's Mexican operations serves as an ideal entry point into the space," stated Joseph Papa, Perrigo chairman, president and CEO. "Additionally, and importantly, we believe Perrigo is uniquely positioned to maximize the potential of the business by leveraging our own Mexican operations to drive growth and value for our customers and shareholders," he said. "This acquisition serves as yet another example of Perrigo's unwavering commitment to provide Quality Affordable Healthcare Products to consumers around the world, and we look forward to further executing on this mission."