Order Reprints

Perrigo Co.’s latest acquisition is designed to boost its product line for diabetes care. The Allegan-based company signed a definite agreement to acquire the assets of Alpharetta, Georgia-based CanAm Care for $36 million.

CanAm distributes products for diabetes patients, including syringes, pen needles, lances, compression stockings and hypoglycemia tabs, liquids and gels. Perrigo makes the acquisition amid a growing rate in the U.S. for diabetes care, a market estimated at $1.5 billion annually. “Perrigo will be the only full-line store brand supplier to our retail customers in the over-the-counter diabetes care market with this combined portfolio,” Chairman and CEO Joe Papa said.

  Order Reprints

TAGS:

• joe papa
• perrigo