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Perrigo

Perrigo faces infant-formula brands after PBM buy

Perrigo faces infant-formula brands after PBM buy

The world of infant formula attracted the attention of M&A commentators this week with the proposed sale of own-label group PBM to healthcare giant Perrigo Co. The downturn has made private label more popular but, as Dean Best finds, infant formula is dominated by big brands - and their power is unlikely dented too much by the sale of PBM.