Lannett Co. Inc. has finalized the purchase of Kremers Urban, a specialty generic pharmaceuticals subsidiary of Belgium-based UCB S.A., for $1.23 billion.
Kremers, which employs 690, has a 381,000 square foot manufacturing plant on a 4.19 acre site in Freeman Field Industrial Park in Seymour, Indiana.
Jim Plump, executive director of Jackson County Industrial Development Corporation said he has been aware of the sale for some time.
“In our conversations with the Kremers Urban management, they are very positive about the sale and believe Seymour and Jackson County potentially will benefit from future growth,” Plump said.
For more on the story, Dee the Dec. 1, 2015 issue of The Tribune, Seymour, Indiana.
Source: tribtown.com