Supplier News Breaks Archives
Perrigo to roll out store-brand versions of Ensure
March 27th, 2014
DUBLIN, Ireland – The nutritionals business of Perrigo Co. plc is partnering with KanPak LLC to manufacture store-brand adult nutritional drinks, comparable to Ensure products.
Perrigo said Wednesday that it plans to supply retailers with six store-brand versions of the six nutritional drinks currently sold in the Ensure line from Abbott Nutrition. Perrigo didn't say when it expects to launch the drinks.
KanPak is a leading supplier of aseptically packaged coffee, dairy and fruit beverages and desserts. Last year, Golden State Foods, one of the nation's largest diversified food processors and distributors, acquired a controlling interest in KanPak.
The adult nutritional drink market had about $900 million in annual branded sales over the last 12 months, according to IRI data reported by Perrigo.
"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," stated Perrigo chairman and chief executive officer Joseph Papa. "We made a significant investment into this partnership to bring quality, affordable health care products to retailers and the adult consumers they serve across the United States."