This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Perrigo Partners With Division Of Golden State Foods To Manufacture Store Brand Versions Of EnsureA® Adult Nutritional Drinks

Stocks in this article: PRGO









DUBLIN, March 26, 2014 /PRNewswire/ -- 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 Company.

Perrigo's Chairman, President and CEO Joseph C. Papa 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



1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs