Perrigo acquires small national distributor of OTC, CPG products

DUBLIN - Perrigo announced Wednesday that it has agreed to acquire Geiss, Destin & Dunn, a small national distributor of over-the-counter healthcare and consumer goods products to the non-chain retail and institutional markets.  

"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," stated John Hendrickson, Perrigo CEO. "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."

The transaction is expected to close by the end of August.