Perrigo to expand Michigan headquarters

7/16/2008

ALLEGAN, Mich. Perrigo on Tuesday announced it will invest $10.5 million into expanding its headquarters, an initiative that will add 400 jobs over the next five years.

“We see many opportunities to further reduce consumer healthcare costs,” stated Joseph Papa, Perrigo president, chairman and chief executive officer, noting that the current economic conditions drive consumers to more affordable healthcare products. “Many brand products’ exclusivity rights will expire soon, and this will allow us to develop additional high-quality, store-brand versions at an affordable price.”

To help Perrigo with its expansion initiative, Michigan recently approved tax credits for the company valued at $8.4 million over 12 years. In addition to the state’s support, the City of Allegan, anticipates approval of real and personal property tax abatements with an estimated value of $1.4 million, Perrigo reported.

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