Perrigo announces partnership with Golden State Foods division KanPak to manufacture store-brand versions of Ensure adult nutritional drinks for US market
March 26, 2014
– Â Perrigo Company plc (NYSE: PRGO; TASE) today announced that its Nutritionals segment is partnering with KanPak LLC to manufacture store brand adult nutritional drinks comparable to Ensure™ products. KanPak is a leading supplier of beverages and desserts using aseptic processing technology. In 2013 Golden State Foods (GSF), one of the largest diversified food processors and distributors in the United States, acquired a controlling interest in KanPak. Perrigo will supply retailers with six store brand versions of the six nutritional drinks currently sold in the Ensure™ line. The adult nutritional drink market represents $900 million in annual branded sales for the last 12 months, as measured by SymphonyIRI Group.
Perrigo's Chairman, President and CEOÂ Joseph C. PapaÂ stated, "Our nutritionals team already supplies leading retailers with a range of nutritionals, from infant formula to adult vitamins, so this is a logical extension for our business. We made a significant investment into this partnership to bring quality, affordable healthcare products to retailers and the adult consumers they serve across the United States."
About KanPak LLC
KanPak LLC (www.kanpak.us) is the industry leader in aseptically packaged coffee, dairy and fruit beverages and desserts. Based in Wichita, Kan., the company has plants located in Arkansas City, Kansas, Queretaro, Mexico, and Xiantao, Hubei, China, as well as offices and distribution centers in Toronto, Ontario, Mexico City, Mexico, and Shanghai, China. KanPak's dispensing equipment business and facility are located in Southbury, Connecticut.
About Golden State Foods
Golden State Foods is one of the largest diversified suppliers to the quick service restaurant (QSR) industry. Established in 1947, the company is value-based with proven performance in superior quality, innovation and customer service throughout the QSR industry. With approximately 4,500 employees worldwide, GSF services more than 25,000 stores in more than 60 countries on five continents from its 42 facilities. Its core businesses include processing of liquid products, meat, produce, dairy, and other services as well as full-line distribution to the quick service restaurant industry. GSF supports more than 100 leading customers around the world, including McDonald's, Chick-fil-A, Starbucks, Nestle, Arby's, Zaxby's, KFC and Taco Bell, among others. The company also runs a national non-profit organization, the GSF Foundation, for children. For more information, visit: www.goldenstatefoods.com.
About Perrigo Company plc
From its beginnings as a packager of generic home remedies in 1887, Perrigo Company plc, headquartered inÂ Ireland, has grown to become a leading global healthcare supplier. Perrigo develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products and active pharmaceutical ingredients (API), and receives royalties from Multiple Sclerosis drug Tysabri™. The Company is the world's largest manufacturer of OTC healthcare products for the store brand market and an industry leader in pharmaceutical technologies. Perrigo's mission is to offer uncompromised "Quality Affordable Healthcare Products™," and it does so across a wide variety of product categories primarily inÂ the United States, United Kingdom,Â Mexico,Â IsraelÂ andÂ Australia, as well as more than 40 other key markets worldwide, includingÂ Canada,Â ChinaÂ andÂ Latin America. Visit Perrigo on the Internet (http://www.perrigo.com).