08.30.11
Fareva, a privately-held international contract manufacturing company that makes household and industrial products as well as cosmetics and pharmaceuticals will acquire Pfizer’s consumer products manufacturing site Henrico County, VA. The site manufactures and packages Chapstick as well as Pfizer OTC products including Advil and Robitussin.
Headquartered in Luxembourg, Fareva operates 28 manufacturing sites in Europe and emerging markets.
Fareva’s CEO Bernard Fraisse said the firm has been ooking for the right opportunity to expand its manufacturing footprint into North America and establish its pharmaceutical and cosmetics businesses in the US.
According to published reports, Pfizer and Fareva have struck an accord in which the plant to continue production of Pfizer consumer products for the global marketplace. Additionally, all of the approximately 500 Pfizer workers at the facility will become Fareva employees.
Headquartered in Luxembourg, Fareva operates 28 manufacturing sites in Europe and emerging markets.
Fareva’s CEO Bernard Fraisse said the firm has been ooking for the right opportunity to expand its manufacturing footprint into North America and establish its pharmaceutical and cosmetics businesses in the US.