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DUBLIN, Ireland — Perrigo Co. plc has acquired the ScarAway scar management brand from Enaltus LLC.
Perrigo Co. plc has acquired the ScarAway scar management brand from Enaltus LLC.
Financial terms of the transaction weren’t disclosed.
Perrigo said that Scaraway is expected to generate overall 2015 net sales of $10 million, or approximately $3 million for the remainder of the year.
"While the acquisition of ScarAway is relatively small in comparison to other transactions we’ve recently announced, it serves as yet another example of our ability to execute on our ‘Base Plus Plus Plus’ strategy," stated Perrigo chairman, president and chief executive officer Joseph Papa.
"We are excited to add this margin-enhancing asset to our already robust U.S. OTC portfolio and believe that by leveraging our unique distribution and customer network, Perrigo is well-positioned to accelerate the growth of this brand," Papa added. "We remain committed to pursuing accretive transactions, such as this one, and to further the execution of our strategy as we continue to deliver superior value for our shareholders."
ScarAway’s scar care line currently includes six products: ScarAway Silicone Scar Sheets, ScarAway Scar Repair Gel, ScarAway Long with Flexisil Technology, ScarAway Daily Discs Scar Sheets, ScarAway Scar Diminishing Serum and ScarAway C-Section Scar Sheets.