Purdue Sold Plant to Novo Nordisk

Purdue Sold Plant to Novo Nordisk

August 10, 2019 304

Purdue has sold its Treyburn, North Carolina, plant to Novo Nordisk for an undisclosed sum, according to an announcement Purdue CEO Craig Landau sent to the plant’s employees.

“In support of our business strategy and ongoing efforts to strengthen and diversify the Purdue business, we have completed a thorough analysis of our manufacturing operations and capabilities,” Landau said in the statement. “As a result of this evaluation, we have been working with Novo Nordisk, and together identified a potential transaction that will meet the needs of both companies. While financial details are not being publicly disclosed at this time, Novo Nordisk has purchased our Treyburn plant.”

The Treyburn plant was constructed to provide redundancy and a backup facility for the company’s Wilson location.

Given the market dynamics and expected demand for our current portfolio of marketed products, the continued operation of Treyburn can no longer be justified,” Landau said. “Further, a thorough analysis of Purdue’s current and future business requirements shows that with additional staffing and the continued leadership of personnel already in place, our Wilson facility is in a position to meet today’s product requirements as well as enable the growth strategy for Purdue and all of its subsidiaries going forward.”

Following the close, Purdue will lease back the Treyburn space from Novo Nordisk, occupy it through the fall, and plan to vacate the facility as of Dec. 1, 2019.

 

 

Information source: here

Block ?

If this page is in your subscriptions, then it will be removed. You will not see this page. If you want to unblock a user, go to the settings, the list of blocked users and click unblock

Complain

The user will not know who exactly sent the complaint

Delete Company

The user will not know who exactly sent the complaint

Notifications

You Have 112 readed notifications

CHATS

Select chat category

×