ALLEGAN – Perrigo Company, the world’s largest manufacturer of over-the-counter healthcare products sold under the store-brand label, announced Tuesday it will invest $10.5 million to expand its facilities at its world
headquarters in Allegan, adding 400 jobs during
the next five years.
The expansion is aided by tax credits approved today by the State of
Michigan. The tax credits are valued at $8.4 million during the next 12
years. In addition to the state’s support, the City of Allegan anticipates
approval of real and personal property tax abatements with an estimated
value of $1.4 million.
“In these tough economic times, Perrigo continues to help the consumer
by providing quality, affordable healthcare products,” said Joseph Papa,
Perrigo’s president, chairman and CEO. “We see many new opportunities to
further reduce consumer healthcare costs. Many brand products’ exclusivity
rights will expire soon, and this will allow us to develop additional
high-quality, store-brand versions at an affordable price.�?�
Perrigo develops,
manufactures and distributes over-the-counter and prescription
pharmaceuticals, nutritional products, active pharmaceutical ingredients
(API) and consumer products. For more information, click on Perrigo.Com
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