Perrigo to sell infant formula business to MeridianMade for up to $175 million
In short
The transaction formally establishes the transfer of the commercial baby formula division between the two corporate parties. Under the agreed terms, the full consideration for the business unit can reach up to $175 million. The completion of the deal positions MeridianMade to assume control of the specialized manufacturing operations previously managed by the seller.
Key points
- Perrigo is officially parting with its specialized infant formula division under this com…: Perrigo is officially parting with its specialized infant formula division under this commercial pact.
- MeridianMade will take over the consumer operations and portfolio tied to the formula uni…: MeridianMade will take over the consumer operations and portfolio tied to the formula unit.
- The overall financial terms of the finalized asset purchase can reach $175 million.: The overall financial terms of the finalized asset purchase can reach $175 million.