Perrigo Partners With Division Of Golden State Foods To Manufacture Store Brand Versions Of Ensure Adult Nutritional Drinks
27 Mar 2014 --- Perrigo Company plc 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, 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'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."
