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Allegan-based Perrigo purchases Velcera

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ALLEGAN (WKZO) -- Allegan-based drug maker Perrigo continues to expand.  Perrigo announced this week its acquisition of Velcera, a private company that makes products related to pet health.  The company paid for the Pennsylvania-based company with 160-million dollars up front in cash.

Perrigo makes a number of generic pharmaceuticals and over-the-counter drugs, and the purchase of Velcera will have them marketing over-the-counter products for animals.  That includes a number of products typically sold only by veterinarians.

Retail sales of the company's PetArmor brand of flea and tick-fighting products alone broke 100-million dollars last year after being on the market for less than two years.

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