Perrigo reached an agreement with an investment vehicle managed by KKR to sell its Dermacosmetics-branded business for up to 327 million euros ($382.2 million).
The consumer self-care products company signed an agreement with Kairos Bidco. It noted that the price tag includes EUR300 million in upfront cash and up to an additional EUR27 million on certain sales milestones being reached over the next three years.
Perrigo said the transaction advances its plan to streamline the company and focus its efforts on higher-growth, higher-return opportunities.
The transaction is expected to close in the first quarter of 2026.
Brands within the proposed transaction include Biodermal and Emolium, among others.
Perrigo Company plc is a provider of over the counter (OTC) health and wellness solutions that are designed to enhance individual well-being. Its segments include Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI). The CSCA segment comprises of its consumer self-care business in the United States and Canada. It primarily provides its customers self-care products that are sold and marketed under the customer's own brands and/or exclusive brands. The CSCI segment comprises of its consumer self-care business outside of the United States and Canada, primarily in Europe and Australia. These products are developed, manufactured, marketed, and distributed by the Company. Its product categories include Upper Respiratory, Pain and Sleep-Aids, Skincare and Personal Hygiene, Digestive Health, and Nutrition. Its primary branded products are sold under brand names Compeed, Dr. Fresh, Firefly, Good Sense, Mederma, Nasonex, Solpadeine, Coldrex, and Physiomer, among others.
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