Perrigo Company Bundle
Who Owns Perrigo Company?
Understanding Perrigo Company plc's ownership is key to grasping its strategic direction. The company's 2013 move to Ireland via acquiring Elan Corporation significantly altered its legal and operational structure, impacting its global presence and tax liabilities.
Perrigo, a global consumer self-care leader, began in 1887 in Allegan, Michigan, founded by brothers Luther and Charles Perrigo. Their initial aim was to offer affordable health solutions by packaging and distributing generic home remedies, pioneering the private label model.
As of July 3, 2025, Perrigo Company plc holds a market capitalization of $3.74 billion. In fiscal year 2024, the company achieved net sales totaling $4.4 billion. This entity is a prominent provider of over-the-counter health and wellness products, empowering consumers to manage their health proactively. Its operations span the United States, Europe, and Australia, featuring a diverse range of products in categories such as cough, cold, allergy, pain relief, and digestive health, including items like Perrigo Company BCG Matrix.
Who Founded Perrigo Company?
Perrigo Company's journey began in 1887 in Allegan, Michigan, founded by brothers Luther and Charles Perrigo. Initially, Luther envisioned packaging and distributing generic home remedies and household goods to local country stores, a concept he developed while managing his own general store and apple-drying business. Charles provided early support with sales, with initial operations even taking place in his home.
Founding Vision
Luther Perrigo conceived the idea of packaging and distributing generic home remedies and household items to country stores.
Early Operations
Charles Perrigo assisted with sales, and initial packaging operations were conducted from his home.
Formal Incorporation
The company was formally incorporated in 1892 as L. Perrigo Company, with Luther Perrigo serving as president.
Family Ownership Era
The company experienced nearly 90 years of family ownership, with five of its first seven presidents being Luther Perrigo's descendants.
Private Label Innovation
In the 1920s, Perrigo pioneered the 'private label' concept, imprinting store names on product labels at no extra charge.
Transition to Manufacturing
The company evolved from a repackager to a manufacturer of quality drugs and beauty aids in the 1950s.
The period of family ownership for Perrigo Company concluded in the early 1980s when the company was acquired by its management team. This marked a significant shift in Perrigo Company ownership, moving from familial control to a management-led structure. The company's early focus on generic home remedies and its innovative 'private label' strategy laid the groundwork for its future growth and market position. For a deeper understanding of its historical trajectory, refer to the Brief History of Perrigo Company.
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How Has Perrigo Company’s Ownership Changed Over Time?
Perrigo Company plc's ownership journey began with family control, transitioning through management buyouts, and ultimately culminating in public trading. Key milestones include its IPO in 1991 and a significant acquisition in 2013 that altered its corporate structure.
| Event | Year | Impact on Ownership |
|---|---|---|
| Family Control | Pre-1980s | Majority ownership by founding family |
| Management Buyout | Early 1980s | Transition to management ownership |
| Acquisition by Grow Group, Inc. | 1986 | Temporary ownership by Grow Group |
| Reversion to Management Control | 1988 | Management regained control |
| Initial Public Offering (IPO) | 1991 | Became a publicly traded company |
| Acquisition of Elan Corporation | 2013 | Facilitated re-registration as an Irish company; shareholders of both companies became Perrigo shareholders |
The landscape of Perrigo Company ownership is now dominated by institutional investors, reflecting its status as a publicly traded entity. As of July 25, 2025, the company's stock was trading at $28.43, with a market capitalization of $3.74 billion as of July 3, 2025. This broad ownership base is managed by various financial entities, with a significant portion of shares held by a select group of major institutional shareholders.
Perrigo Company Shareholders
Institutional investors are the primary holders of Perrigo Company stock, indicating significant trust from large financial entities.
- As of July 25, 2025, 723 institutional owners and shareholders had filed with the SEC.
- These institutions collectively held 163,926,252 shares.
- Approximately 61.41% of Perrigo Company stock is owned by institutional investors.
- Major institutional shareholders include Vanguard Group Inc. and BlackRock, Inc.
- Vanguard Group Inc. alone held 9.89% of the shares as of the latest data.
The evolution of Perrigo Company ownership showcases a strategic shift from private to public markets, significantly influenced by key acquisitions. The 2013 acquisition of Elan Corporation for $8.6 billion was particularly transformative, enabling Perrigo's re-domiciliation to Ireland for tax advantages. This move positioned the company as a global entity with a diversified shareholder base. Understanding the Marketing Strategy of Perrigo Company can provide further context on how this ownership structure supports its business objectives.
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Who Sits on Perrigo Company’s Board?
The current Board of Directors at Perrigo Company plc is instrumental in guiding the company's strategic path and ensuring robust corporate governance. While precise shareholdings for individual directors in the 2024-2025 period are not publicly detailed, the substantial institutional ownership provides a clear indication of where significant voting power resides.
| Shareholder Type | Number of Holders | Total Shares Held |
|---|---|---|
| Institutional Investors | 723 | 163,926,252 (as of July 25, 2025) |
Perrigo Company plc operates as a publicly traded entity on both the NYSE and TASE, adhering to a standard one-share-one-vote principle for its ordinary shares. This structure means that voting power is directly correlated with the number of shares an entity possesses. The significant concentration of ownership among institutional investors, with a total of 723 entities holding over 163 million shares as of July 25, 2025, highlights their collective influence on shareholder decisions and board elections. Key institutional shareholders like Vanguard Group Inc., BlackRock, Inc., Price T Rowe Associates Inc /md/, Dimensional Fund Advisors Lp, and State Street Corp are positioned to significantly impact corporate actions.
Shareholder Influence and Historical Context
The dynamics of shareholder influence can be profound, particularly during periods of strategic shifts or external offers. Past events, such as the unsolicited buy-out proposal from Mylan in April 2015, valued at $29 billion, illustrate this point. Perrigo's management and shareholders ultimately rejected this offer, leading to subsequent legal actions in May 2016 concerning alleged misrepresentations during the bid process that may have influenced shareholder votes. The departure of former Chairman and CEO Joseph Papa, who was instrumental in navigating that offer and later moved to a CEO role at another company, underscores the critical role of leadership in shaping company direction and its relationship with shareholders. Understanding the Target Market of Perrigo Company also provides context for how different shareholder groups might view the company's strategic positioning.
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What Recent Changes Have Shaped Perrigo Company’s Ownership Landscape?
Over the past few years, Perrigo Company has undergone significant strategic shifts, transforming into a dedicated consumer self-care entity. This evolution has involved divesting non-core assets and focusing on expanding its consumer health product lines through strategic acquisitions.
| Development | Date | Value/Details |
| Divestiture of Generics Business | March 2021 | $1.55 billion sale to Altaris Capital Partners |
| Acquisition of HRA Pharma | Completed April 2022 | $2.1 billion acquisition |
| Agreement to Divest Dermacosmetics Business | Announced July 14, 2025 | Up to €327 million from KKR |
Perrigo's strategic direction is clearly defined by its 'Three-S' plan: Stabilize, Streamline, and Strengthen. This approach is evident in its recent divestitures and acquisitions, aiming to bolster its position in the consumer self-care market. The company's financial performance in fiscal year 2024 showed net sales of $4.4 billion and adjusted operating income of $0.6 billion, marking a 6% increase. Perrigo is actively working to reduce its net leverage to below 3x adjusted EBITDA by the end of 2025, while also consistently increasing its dividend, marking the 22nd consecutive year of increases after 2024.
Strategic Divestitures
Perrigo has strategically divested its animal health and generic pharmaceuticals businesses to concentrate on consumer self-care. The sale of its generics business in March 2021 for $1.55 billion was a key step in this transformation.
Key Acquisitions
The acquisition of HRA Pharma for $2.1 billion in April 2022 significantly enhanced Perrigo's women's health offerings. Further aligning with its strategy, the company agreed to divest its Dermacosmetics business in July 2025.
Financial Outlook and Targets
For fiscal year 2025, Perrigo anticipates net sales growth of 1% to 3% and adjusted diluted EPS between $2.90 and $3.10. The company is focused on strengthening its balance sheet and has achieved substantial savings through its Project Energize initiative.
Ownership Trends
Institutional investors hold a dominant share of Perrigo Company stock, with 95.91% ownership as of July 31, 2025. This reflects a broader market trend of increasing institutional influence in public companies, impacting Perrigo Company ownership.
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