IHS Chemical Week

Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

Pfizer Plans Sale of German Site by Year-End

2:17 PM MDT | October 15, 2007 | Alex Scott

Pfizer is at the “binding offer stage” of selling a major manufacturing site at Feucht, Germany and expects to reach final agreement on the deal by year-end, the company told CW at the CPhI pharmaceutical manufacturing expo, held in Milan earlier this month. The deal will include the entire Feucht site and a supply contract that the purchaser can sign to produce certain materials at Feucht for Pfizer. Financial terms and the name of the potential purchaser were not disclosed. Pfizer disclosed plans to sell the site at the start of this year as part of...

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