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Perrigo to boost sales with acquisition in Mexico

This article was originally published in Scrip

Executive Summary

The US-based company Perrigo has bought the Mexican firm Laboratorios Diba for $25 million. The deal should boost Perrigo's annual sales by around $15 million and increase its portfolio in Mexico with 200 products. Diba, a privately owned company based in Guadalajara, specialises in store-brand OTCs and prescription pharmaceuticals, including ophthalmics, hormonals and antibiotics. Perrigo says it is the world's biggest manufacturer of store-brand OTCs. Its biggest markets are the US, Israel, Mexico and the UK.

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