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Moberg Pharma picks up New Skin liquid bandage line in $40 million deal.
June 30, 2016
By: Christine Esposito
Editor-in-Chief
Swedish firm Moberg Pharma AB has signed an agreement to acquire three properties from Tarrytown, NY-based Prestige Brands, Inc., including liquid bandage brand New Skin. The $40 million deal also includes Prestige Brand's Fiber Choice line and PediaCare OTC remedies. In the latest 12 months ending 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 p...
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