Bayer Healthcare To Invest $6.5 Million In St. Joseph
Date 2014/1/21 10:10:00 | Topic: News
|(NewsPressNow.com) - Bayer HealthCare announced plans Monday for about $6.5 million of investments to its St. Joseph manufacturing operations.|
The German-based company said it will combine and transfer operations from its three locations in the St. Joseph area into one site.
“Investment will begin in 2014 and end in 2015,” Bayer spokeswoman Lauren Dorsch told the News-Press. She said the company’s investments in Missouri and Kansas aim to enhance its research and development capabilities while growing operations and efficiency.
“One year post-acquisition, this is the next logical step in the integration process,” said Steve Meeker, vice president for animal health in Bayer’s U.S. Animal Health division. “The employees of the St. Joseph Product Supply Manufacturing site have done an excellent job in delivering quality products on a timely basis for support of our commercial requirements.”
Mr. Meeker said the changes could result in personnel changes in the next 1 to 2 years, but added it’s too soon for the company to specify the impacts. Bayer employs about 200 people in St. Joseph.
An analysis identified overlaps in technology and operating processes with a Bayer supply center in Shawnee, Kan. — leading to the decision.
“The St. Joseph Supply Center will continue to be an important part of Bayer’s supply strategy and, as such, we have decided to invest” in upgrading the St. Joseph campus, he added.
The company took over the local facilities in January 2013 after its acquisition of the U.S.-based animal health business of Teva Pharmaceuticals Industries. Bayer said the acquisition strengthened its food animal business through a range of anti-infectives, anti-inflammatories, and reproductive hormones. The move also led the company to build its companion animal veterinary business from an expansion of its portfolio with dermatological, pet wellness, and nutraceutical products.
Altogether, Bayer will invest an estimated $10 million among sites in Missouri and Kansas in the Greater Kansas City area and its Animal Health Corridor. An estimated $3.5 million will be spent at the Shawnee site.