Perrigo Co. PLC said it agreed to acquire the oral care assets of private company High Ridge Brands Co. for $113 million in cash.

The deal adds the Firefly, Reach and Dr. Fresh brands to Perrigo's portfolio, building on the company's expansion into oral care, which was marked in July 2019 by its acquisition of Ranir LLC.

Dublin-based Perrigo expects the acquisition to close in the first quarter this year.

The acquisition is subject to customary closing conditions, including court approval for High Ridge's filing for Chapter 11 bankruptcy, which allows companies to reorganize their business and pay debts over time. High Ridge originally announced its intent to sell assets and file for Chapter 11 bankruptcy in December 2019.

Sawaya Partners LLC was financial adviser to Perrigo in the deal, while Morgan Lewis & Bockius LLP was legal counsel to the company.