Perrigo Company will sell its Israel consumer products business along with the related production assets in Israel to Emilia Group, a subsidiary of O. Feller Holdings Ltd., for about $54 million. The transaction will close in the first quarter of 2010. Under the terms of the agreement, Perrigo will provide distribution and support services for the related U.S. private label cosmetics business for 12 months after the close of the transaction. “We are very pleased with the team’s a...