• Most Popular
  • Most Shared

Merck sells Pennsylvania chemicals plant

Tue Jan 1, 2008 11:46am EST

Stocks

   

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.

Stocks  |  Mergers & Acquisitions

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)

Stocks
Mergers & Acquisitions


More from Reuters

Photo

AT&T ends sponsorship of scandal-hit Tiger Woods

NEW YORK (Reuters) - AT&T Inc said on Thursday it was terminating its sponsorship agreement with Tiger Woods, joining the list of companies that have distanced themselves from the top golfer in the wake of a sex scandal.

» More Top News
A picture of an arrow in this file photo. REUTERS/File
OUTLOOK 2010:

The coming Great Inflation

Real or imagined, Americans have plenty of things to worry about. Should inflation be one of them?  Full Article 

ECONOMY
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary