Perrigo (PRGO) to Acquire Geiss, Destin & Dunn

August 17, 2016 7:48 AM EDT

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Perrigo Company plc (NYSE: PRGO; TASE) announced today that it has agreed to acquire Peachtree City, Georgia-based, Geiss, Destin & Dunn, Inc. ("GDD"), a small national distributor of over-the-counter healthcare and consumer goods products to the non-chain retail and institutional markets. The transaction is expected to close by the end of August.

Perrigo CEO John T. Hendrickson commented, "Today's acquisition of GDD, while relatively small in transaction value compared to other acquisitions we've made, further strengthens and diversifies our U.S. 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. We look forward to welcoming the GDD team to Perrigo and are committed to serving our customers and consumers across the globe with quality affordable healthcare products."

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