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Patheon To Consolidate PR Operations in Manati

Patheon will consolidate PR operations into Manati site, either losing or selling Caguas plant.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Patheon has announced plans to consolidate its Puerto Rico operations into its manufacturing site located in Manati. The company will either close or sell its plant in Caguas. The company estimates this consolidation will result in total expenses of approximately $7.0 million, of which approximately $2.4 million will be booked in the first quarter of fiscal 2010. Patheon also expects to book an impairment charge of approximately $1.3 million in the first quarter of fiscal 2010 in connection w...

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