95.3 / 88.5 FM Grand Rapids and 95.3 FM Muskegon
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Perrigo acquires Ranir in deal valued at $750 million

Ranir photo
Becky Olson (Lambert, Edwards & Assoc.)
/

Two health care companies with deep West Michigan roots are teaming up. Allegan-based Perrigo is acquiring Grand Rapids-based oral self-care product maker Ranir in a deal valued at $750 million.

Ranir makes private label tooth brushes, toothpaste, floss and mouthwash. Perrigo manufactures self-care products and generic pharmaceuticals.

“With the rising cost of health care it’s really important to provide consumers with products that will allow them to take better care of themselves.”

Rich Sorota is Ranir President and CEO. He explains not only are the companies neighbors, but they share the same vision.

“Perrigo very much is making a meaningful transformation into what we call the self-care space against wellness and we’ve been doing this for some time. And if you are following a lot of retailers they’re also looking to say, ‘What can we do to help our customers take better care of themselves and really stay out of going to a doctor’s office and incurring pretty high health care bills.”

Perrigo Wellness Center sign photo
Credit Becky Olson (Lambert, Edwards & Assoc.)
/
Perrigo Wellness Center

Ranir is the global leader in private label oral care products generating net sales of $287 million last year. With Ranir in the fold, Perrigo diversifies its portfolio with new revenue and cash flow. 

“So, if we can provide consumers with great value products that can allow them to take better care of their teeth and gums that’s awesome, and Perrigo is looking to do that through broad categories. So, we’re both completely aligned to this mega-trend of self-care.”

Sorota explains 74 million Americans are without dental insurance and there are links between overall health care and oral care. He says a Perrigo/Ranir partnership through its expansion of global presence and innovation benefits cost-conscious consumers investing in self-care products.

Patrick Center, WGVU News.

Patrick joined WGVU Public Media in December, 2008 after eight years of investigative reporting at Grand Rapids' WOOD-TV8 and three years at WYTV News Channel 33 in Youngstown, Ohio. As News and Public Affairs Director, Patrick manages our daily radio news operation and public interest television programming. An award-winning reporter, Patrick has won multiple Michigan Associated Press Best Reporter/Anchor awards and is a three-time Academy of Television Arts & Sciences EMMY Award winner with 14 nominations.