Reuters featured this article on Private Brand manufacturer Perrigo. If you have purchased over the counter Private Brand medication there is a good chance Perrigo was the manufacturer.
Tough economic times help Perrigo medicine sales
NEW YORK (Reuters) – Hard economic times may spell good times at Perrigo Co, the largest U.S. maker of store-brand generic medicines, as consumers hunt for savings.
“The economy is certainly an important influence for making the case for store brand,” Perrigo Chief Executive Officer Joseph Papa said in an interview.
“(Consumers) still have a headache,” Papa said. “They’re trying to figure out how they can save a dollar, and they’re moving more and more to store brands.”
With a 70 percent market share, Perrigo dominates store-brand or private-label medications which are sold with generic names under the labels of drug chains and other stores. For example, a Perrigo-made product might be sold under as acetaminophen instead of the brand name Tylenol.
The store-brand market in the United States has been thriving, says Papa. While total over-the-counter and nutritional sales have climbed 2.8 percent in 52 weeks through June, store brand sales jumped 13 percent, he said.