BusinessNews

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.  

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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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