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Perrigo Acquires Mexican Manufacturer

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Perrigo Co. has acquired Laboratorios Diba, S.A. for approximately $25 million in cash. Based in Guadalajara, Mexico, Laboratorios Diba is a store brand manufacturer of OTC and prescription pharmaceuticals, including antibiotics, hormonals and opthalmics. The acquisition is expected to add nearly $15 million of annual sales.     Perrigo’s chairman and chief executive officer, Joseph C. Papa stated, “Perrigo has been in the Mexican market for more than 65 years and is the leading s...

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