Displaying items tagged: Perrigo Co plc
Perrigo to invest $170M to acquire Gerber infant formula plant from Nestlé, make facilities improvements
GRAND RAPIDS — Perrigo Co. plc would add capacity to produce infant formula through a $170 million deal to acquire a plant in Eau Claire, Wis. along with investments in existing facilities.
Federal regulators have delayed a planned review for Perrigo Co. plc’s birth control pill to “review additional information requested,” company officials announced today.
ZEELAND — A West Michigan formula producer will import roughly 331,000 pounds of infant formula base powder this month from a facility in Mexico to be blended, packaged and redistributed.
The U.S. Supreme Court decision last week overturning a landmark, 50-year-old ruling that legalized abortion could boost sales of a new oral, over-the-counter contraceptive drug that Perrigo Co. plc plans to bring to the market.
GRAND RAPIDS — High inflation led Steelcase Inc. to record a loss in the most recent quarter despite strong double-digit sales growth and multiple price increases.
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Here is the MiBiz People in the news report for May 23, 2022
West Michigan is playing a major role in the ongoing U.S. baby formula shortage as producers fall in the center of a product recall or are ramping up production to help meet consumer needs.
ALLEGAN — Perrigo Co. plc gained momentum toward the end of 2021 as sales in its key cough and cold medication segment rebounded and the company moves forward as a consumer self-care company.
The construction industry experienced widespread pauses on projects in 2020 during the onset of the COVID-19 pandemic. However, the backlog made for a packed year in 2021, which features a range of ongoing projects including housing developments and reuses of former industrial buildings.
ALLEGAN — Supply chain bottlenecks that include a truck driver shortage causing problems getting products to market cut into Perrigo Co. plc’s sales in the third quarter and led to a net loss.
West Michigan’s commercial office market is in a lull as companies remain hesitant to bring back workers while offering more flexible schedules, leading to worsening vacancy rates and a lack of investment in new construction.
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Even after nearly four decades in nonprofit administration, Scott Lewis knows there’s more to learn and that he can become a better leader.
ALLEGAN — Perrigo Co. plc has agreed to pay hundreds of millions of dollars to settle a tax case in Ireland that could have cost far more than what the company paid.
GRAND RAPIDS — Rental rates are rising for prime downtown Grand Rapids office space, but vacancy rates are also up significantly compared to previous years, according to a recent report from global real estate services firm JLL.
Perrigo plans $2.1 billion acquisition to mark ‘crowning achievement’ in transition to self-care company
Perrigo Co. plc plans to buy a European maker of over-the-counter self-care products for $2.1 billion in cash, the company announced today.
ALLEGAN — Perrigo Co. plc’s CEO says business has rebounded well after taking a hit in the early months of the COVID-19 pandemic, although a “historically weak cough/cold season” dampened quarterly sales growth.
The short-term outlook of city officials and commercial real estate experts is improving as office workers gradually return to in-person work, and they share an optimism as downtowns reawaken from the COVID-19 pandemic.
Here's the MiBiz Growth Report for May 24, 2021.
ALLEGAN — Perrigo Co. plc intends to sell its Mexico and Brazil-based over-the-counter business to Boston-based global private equity firm Advent International.
Perrigo ahead of schedule on self-care shift, attributes Q1 sales dip to pandemic stockpiling last year
ALLEGAN — A sales spike in the early weeks of the COVID-19 pandemic followed by a mild flu season during lockdown restrictions reduced Perrigo Co. plc’s quarterly sales to start 2021.
In a typical year, around 40,000 office workers a day are in downtown Grand Rapids buying coffee or lunch, or sticking around to shop or attend an event.
Murray Kessler signed on for at least another three years as Perrigo Co. plc’s chief executive to “finish the job” he started to transform the company.
The West Michigan commercial real estate market has been relatively stagnant during the pandemic-induced shift to remote working, but advisers see some room for optimism ahead of a vaccine rollout and with several recent office deals.
Local economic development leaders have long sought to bring a global headquarters to downtown Grand Rapids, and it will soon become a reality as Perrigo Co. plc moves its North American corporate offices to the Medical Mile.
Here is the MiBiz growth report for January 3, 2021.
Recent year-end reports on non-residential construction activity softening and a plunging average project backlog are giving West Michigan construction leaders some reason for concern going into 2021.
GRAND RAPIDS — Perrigo Co. plc is seeking a 12-year incentive agreement estimated at $4.1 million in total property tax savings for its plans to relocate its North American headquarters to downtown.
The COVID-19 pandemic has brought ups and downs for West Michigan’s construction industry — activity and competition has increased in areas like school bond projects, while the hospitality and office sectors saw major slowdowns.
GRAND RAPIDS — Perrigo Co. plc’s planned North America headquarters in downtown Grand Rapids adds a major new player to the Medical Mile academic, research and health care cluster as well as a potential new partner for Michigan State University.