The acquisition, which is subject to bankruptcy court approval in connection with High Ridge Brands' chapter 11 cases, as From skin care to hair care, High Ridge Brands is committed to delivering extraordinary experiences for savvy consumers. Statements regarding the separation of the RX business, including the expected benefits, anticipated timing, form of any such separation and whether the separation ultimately occurs, are all subject to various risks and uncertainties, including future financial and operating results, our ability to separate the business, the effect of existing interdependencies with our manufacturing and shared service operations, and the tax consequences of the planned separation to the Company or its shareholders. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections.
Notably, the deal includes leading children’s oral care value brand, Firefly“We are once again capitalizing on our strategic pursuit of attractive growth opportunities aimed at enabling enhanced, affordable access to innovative oral self-care products,” said Rich Sorota, incoming Executive Vice President and President, Consumer Self-Care Americas. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "forecast," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential" or the negative of those terms or other comparable terminology. “This acquisition provides us with well-established oral self-care brands that will contribute positively to our long-term growth objectives through new product innovation, leveraging our scale to increase distribution and expanding product reach through e-commerce. Furthermore, the Company may incur additional tax liabilities in respect of 2016 and prior years or be found to have breached certain provisions of Irish company law in connection with the Company's restatement of previously-filed financial statements, which may result in additional expenses and penalties. High Ridge Brands Co. ("High Ridge Brands" or the "Company"), today announced that, following a comprehensive sales process and a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code, an affiliate of Perrigo Company plc ("Perrigo") will acquire the The forward-looking statements in this press release are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.Perrigo To Acquire Oral Care Assets Of High Ridge Brands- Strengthens Perrigo's oral self-care leadership position with acquisition of the #1 and fastest growing value brand player in the children's oral care category- Attractive valuation provides opportunity to unlock meaningful shareholder value creation- Assets expected to contribute more than $100 million in net sales and be accretive to Perrigo's adjusted diluted earnings per share in first full-year post closingFor further information: Perrigo Contact: Bradley Joseph, Vice President, Global Investor Relations & Corporate Communications, (269) 686-3373, E-mail: bradley.joseph@perrigo.com; Lyndsey Chmiel, Senior Manager, Global Investor Relations & Corporate Communications, (269) 673-9324, E-mail: lyndsey.chmiel@perrigo.comEmpowering consumers to proactively prevent or treat conditions that can be self-managedPrivate label products that offer consumers the quality self-care and wellness solutions at affordable pricesBranded self-care products changing health around the globe by creating affordable solutions to a full range of health and wellness issuesSound and efficient operations, safe and healthy working conditions, and active participation in our communitiesFinancial, legal, and regulatory information and key insights into the future of your Perrigo investment. Challenging Your Expectations.
DUBLIN, Feb. 24, 2020 /PRNewswire/ -- Perrigo Company plc (NYSE; TASE: PRGO) announced today that it has reached a definitive agreement to acquire the oral care assets of High Ridge Brands for $113 million in cash. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company's control, including: the timing, amount and cost of any share repurchases; future impairment charges; the success of management transition; customer acceptance of new products; competition from other industry participants, some of whom have greater marketing resources or larger market shares in certain product categories than the Company does; pricing pressures from customers and consumers; resolution of uncertain tax positions, including the Company's appeal of the Notice of Assessment ("NoA") issued by the Irish tax authority and the Notice of Proposed Adjustment ("NOPA") issued by the U.S. Internal Revenue Service and the impact that an adverse result in such proceedings would have on operating results, cash flows, and liquidity; potential third-party claims and litigation, including litigation relating to the Company's restatement of previously-filed financial information and litigation relating to uncertain tax positions, including the NoA and NOPA; potential impacts of ongoing or future government investigations and regulatory initiatives; the impact of tax reform legislation and healthcare policy; general economic conditions; fluctuations in currency exchange rates and interest rates; the consummation of announced acquisitions or dispositions and the success of such transactions, and the Company's ability to realize the desired benefits thereof; and the Company's ability to execute and achieve the desired benefits of announced cost-reduction efforts and strategic and other initiatives.