Perrigo has announced the acquisition of US-based distributor Geiss, Destin & Dunn, for an undisclosed price.
The target firm is a small national distributor of OTC healthcare and consumer goods products, which suppliers the non-chain retail and institutional markets. The transaction is expected to close by the end of August.
John T. Hendrickson, CEO of Dublin-based Perrigo, noted: “Today’s acquisition of GDD, while relatively small in transaction value compared to other acquisitions we’ve made, further strengthens and diversifies our US distribution and retail network, providing us direct access to the non-mass retail market. While we currently distribute product to this channel through GDD, I am pleased we will now bring the management of this business completely in-house”.