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DUBLIN, Ireland — Perrigo Co. plc has wrapped up the sale of its U.S. vitamins, minerals and supplements (VMS) business to International Vitamin Corp. (IVC).
The cash deal, terms of which weren’t disclosed, was announced in late June. The VMS business was part of the Perrigo Nutritionals division, whose core products are store-brand infant formula and pediatric nutritionals.
Perrigo chief executive officer John Hendrickson had said the company decided late last year to divest the VMS business so it could “remain focused on our most profitable and strategic businesses.”
Freehold, N.J.-based IVC provides private-label and contract manufacturing services for the VMS market and serves thousands of retail stores in the food, drug, mass merchant, warehouse club and natural products channels. Products include vitamins C, D, E and B; multivitamins; CoQ10; glucosamine/chondroitin; fish oil; calcium; and herbs. Available form factors include tablets, softgels, chewables, two-piece capsules, orally disintegrating tablets, gummies, liquids and powders.
When the transaction was announced, IVC said the deal will boost its presence in the U.S. food, drug, mass and club retail channels and help diversify and grow its contract business.
“IVC is very excited to be able to serve and help build the businesses of Perrigo’s vitamin customers,” IVC president and CEO Steven Dai commented at the time. “Retailers will have access to even more innovation, a more efficient supply chain and greater manufacturing capabilities, while consumers will benefit from continued high quality standards and maximum value.”
IVC’s roster of brands includes Stresstabs energy and relaxation supplements, Posture-D calcium caplets, Ferro-Sequels iron supplements, Ironman whey protein, SpongeBob Squarepants and Teenage Mutant Ninja Turtles gummy multivitamins, Cran-Max cranberry supplements, Fast-Acting B12 tablets, Protegra antioxidant multivitamins, Soy Care menopause capsules, and AllBee and Z-Bec B-complex supplements.
