Perrigo has announced a deal to sell its US Vitamins, Minerals & Supplements (VMS) business to the International Vitamin Corporation (IVC). No financial details of the deal, which is expected to close by early August, were disclosed.
In late 2015, Perrigo had announced plans to divest the business, as part of its portfolio assessment to focus on its “most profitable and strategic businesses.”
The deal makes IVC the largest provider of private-label supplements in the US, in terms of dollar volume and units sold, overtaking NBTY. IVC added that it continues to look for acquisitions in the $15m to $1bn range.