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Perrigo

This article was originally published in The Rose Sheet

Executive Summary

Private labeler completes divestiture of its $190 mil. personal care business to Cumberland Swan Holdings investment group (Nashville, Tenn.), Perrigo announced Aug. 25. The deal includes Perrigo's Smyrna, Tenn.-based 82,000 sq. ft. manufacturing facility (1"The Rose Sheet" July 26, p. 5). Cumberland will lease the firm's logistics center in LaVernge, Tenn. until Perrigo sells the facility, at which time Cumberland will lease it from the new owner. Separately, Perrigo sold its California and Missouri personal care facilities for $9 mil. The firm expects to take a pre-tax charge of $3.2 mil. on the sale of its personal care assets in the fiscal fourth quarter (ended June 30)
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