PERRIGO Co plc
For the period ended Jun 28, 2025. Filed Aug 6, 2025.
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Jun 28, 2025 · Filed Aug 6, 2025
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Divestitures
NOTE 3 -DIVESTITURES
Divestitures During the Three Months Ended June 28, 2025
Richard Bittner Business
On April 11, 2025, we completed the sale of the Richard Bittner Business AG, an Austrian contract manufacturing entity (the "Richard Bittner Business") to HBI Health & Beauty Innovations Limited for total consideration of $14.4 million, net of cash delivered. The sale resulted in a pre-tax loss of $1.6 million, net of professional fees, recorded in Other (income) expense, net on the Condensed Consolidated Statements of Operations within our CSCI segment.
The assets associated with this business were reported within our CSCI segment. We determined the carrying value of the net assets held for sale of this business exceeded their fair value less costs to sell, resulting in a total impairment charge of $3.1 million during the six months ended June 28, 2025, inclusive of a goodwill impairment charge of $1.2 million.
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