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People & Business :: M&A

Foster Wheeler acquires biotech construction management company

9:57 AM MST | January 9, 2013 | Lindsay Frost

Foster Wheeler says it has acquired Yonkers Industries (Cary, NC), a management firm specializing in the construction and commission of pharmaceutical and biotech facilities. Yonkers also has engineering, procurement and construction management (EPCm) capabilities, the company says. Financial terms of the transaction were not disclosed. Yonkers employs 200 people at its offices in California, North Carolina and Puerto Rico. The company also is part of a project-services firm, Modular Services. “Foster Wheeler Biokinetics, our US-based pharmaceutical unit...

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