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Moberg Pharma AB Buys New Skin from Prestige Brands

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By: TOM BRANNA

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Moberg Pharma AB has signed an agreement to acquire three properties from Prestige Brands, Inc., including New Skin, a liquid bandage brand. The $40 million deal also includes Prestige’s Fiber Choice and PediaCare OTC remedies. In the 12 months ended March 31, 2016, the net sales of these brands was approximately $24.4 million, according to Moberg. According to Moberg, New Skin is the “main profitability contributor” in the acquired portfolio and is well aligned with its strategic focus on to...

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