Life sciences company with large facility in Charles City being sold

East Rutherford, N.J. – One of the nation’s leading drug molecule companies with a location in Northeast Iowa will be acquired by an international investment company.

Cambrex Corporation announced Wednesday it’s signed an greement worth two-point-four billion dollars with a Permira, a private equity firm with offices in London, Tokyo, Hong Kong and New York. 

Cambrex owns a 45-acre sight in Charles City employing 400 people and completed a 24 million dollar expansion in April.

The sale is expected to be completed in the fourth quarter of this year.  


Chris Berg

Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki, daughter Brynlee and son Jaxon.
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