NEW YORK, May 10, 2019: Morgan Lewis advised Perrigo Company plc, an international provider of over-the-counter health and wellness solutions that enhance individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed, in two separate transactions valuing more than $900 million.
Perrigo signed a definitive agreement to purchase privately held Ranir Global Holdings LLC in a transaction valued at $750 million on a cash-free, debt free basis. Ranir, the largest private label oral care company globally, has a portfolio of more than 300 products. Partners Russell Franklin and Sheryl Orr led the Morgan Lewis team.
In a second, separate transaction, Perrigo Animal Health, a division of Perrigo, entered into a definitive agreement to be acquired by PetIQ Inc. The transaction is valued at $185 million. PetIQ is a manufacturer and marketer of over-the-counter pet health and wellness products. Partner Sheryl Orr also led the Morgan Lewis deal team along with of counsel Veronica DiCamillo.