Merck sells Pennsylvania chemicals plant
NEW YORK |
NEW YORK Jan 1 (Reuters) - Merck & Co Inc (MRK.N) said on Tuesday it has sold a chemical plant in Pennsylvania to PRWT Services Inc, as part of Merck's global restructuring of its manufacturing operations.
PRWT Services has entered into a five-year supply agreement with Merck valued at $100 million to $200 million a year, the companies said in a statement.
The Cherokee manufacturing plant in Riverside, Pennsylvania, employs 400 people, and produces antibiotics for humans and animals. (Reporting by Nick Zieminski; Editing by Jeffrey Benkoe)
- Tweet this
- Share this
- Digg this