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Business

AMRI to close former Euticals site

by Rick Mullin
September 5, 2016 | APPEARED IN VOLUME 94, ISSUE 35

Albany Molecular Research Inc. (AMRI) has embarked on a restructuring in the wake of its May acquisition of the Italian pharmaceutical chemicals maker Euticals for $358 million. AMRI says it will close a Euticals facility and lay off an undisclosed number of workers in the U.S. and Europe by the end of the year. AMRI expects to incur a onetime charge of up to $7.3 million.

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