After telegraphing layoffs last month, J&J secures $14M sale of consumer health plant in Pennsylvania
April 14, 2023
Source: drugdu
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After decades under Johnson & Johnson, a massive plant that once cranked out over-the-counter mainstays like Pepcid and Imodium is poised to hit the market.
The plant handover comes after last month’s news that Johnson & Johnson would cut 57 positions at the Lancaster County facility, as detailed in a local Worker Adjustment and Retraining Notification Act notice.
High Properties acquired J&J’s Greenfield, Pennsylvania, consumer health facility for $14 million, local news outlet Lancaster Online first reported. Fierce Pharma has viewed a copy of the deed confirming the sale, which went through in late March.
J&J and High Properties did not immediately respond to Fierce Pharma’s request for comment on the matter.
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